Cryptocurrency (Crypto)

Cryptocurrency is a type of digital or virtual money that uses cryptography for secure transactions and operates on decentralized blockchain technology.

Cryptocurrency has grown significantly since Bitcoin's 2009 launch, with increasing adoption, more cryptocurrencies, and widespread use in various industries, despite facing regulatory challenges.

Cryptocurrency consumes a lot of electricity because the process of verifying transactions, called mining, requires powerful computers. These computers solve complex puzzles to ensure the network's security and integrity.

The future of cryptocurrency could see widespread adoption, new financial services, broader applications, and global market integration.

This potential growth could transform traditional finance in the future but will also require significant energy to power it.

Cryptocurrency can become more sustainable by integrating renewable energy sources like wind and solar energy into mining operations, promoting eco-friendly practices and energy-efficient blockchain technologies.