Cryptocurrency in kenya
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates independently of a central bank. It is a decentralized form of currency, meaning that it is not controlled by any government or financial institution. Instead, transactions are recorded on a public ledger called a blockchain, which is maintained by a network of computers around the world.
Cryptocurrencies are often created through a process called mining, in which powerful computers perform complex mathematical computations to validate transactions and add new blocks to the blockchain. The most well-known cryptocurrency is Bitcoin, but there are many other types of cryptocurrencies, such as Ethereum, Ripple, and Litecoin, each with its own unique features and uses.
Cryptocurrencies offer several advantages over traditional fiat currencies, including lower transaction fees, faster and more secure transactions, and greater anonymity. However, they are also subject to significant volatility and regulatory uncertainty, and their value can fluctuate rapidly. As a