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Cryptocurrency, such as Bitcoin, works through a decentralized technology called blockchain. The blockchain is a distributed ledger that records all transactions across a network of computers. Here's a simplified explanation of how it works: Transactions: When someone initiates a cryptocurrency transaction, it gets broadcasted to the network of computers known as nodes. Verification: The nodes validate the transaction using complex algorithms and cryptographic techniques. This process ensures that the transaction is legitimate and prevents double-spending (using the same funds more than once). Block Creation: Validated transactions are grouped into blocks. Each block contains a reference to the previous block, creating a chain of blocks or the blockchain. Consensus Mechanism: Cryptocurrencies typically use consensus mechanisms, such as Proof-of-Work (PoW) or Proof-of-Stake (PoS), to agree on the order of transactions and add blocks to the blockchain. Mining or Validation: In Po...