Cryptocurrency
Cryptocurrency is a digital or virtual currency that uses cryptography for security and operates on decentralized networks, typically based on blockchain technology. It enables peer-to-peer transactions without intermediaries like banks, with Bitcoin being the first and most well-known example. The term 'volatile cryptocurrencies' refers to those with high price fluctuations, often driven by market speculation, regulatory news, and adoption trends.
Developers should learn about cryptocurrencies to build decentralized applications (dApps), smart contracts, and financial technology (fintech) solutions, especially in blockchain ecosystems like Ethereum or Solana. Understanding volatility is crucial for creating risk management tools, trading platforms, and analytics dashboards that handle real-time price data and market trends. This knowledge is essential for roles in web3 development, DeFi (Decentralized Finance), and crypto-focused startups.