The Role of Cryptocurrency in E-Commerce and Online Transactions
Cryptocurrency refers to digital or virtual currencies that use cryptography for security, making them difficult to counterfeit or double-spend. Unlike traditional fiat currencies, cryptocurrencies are decentralized, typically based on blockchain technology—a distributed ledger that records all transactions across a network of computers. The most popular cryptocurrencies in e-commerce include Bitcoin, Ethereum, Litecoin, and others, each offering a unique set of benefits for users.