How does cryptocurrency work in simple terms

All cryptocurrencies that use sha-256 algorithm

Individual units of cryptocurrencies can created for specific purposes, but generally, they're used to pay buying more. If people began using Bitcoin for payments on a huge system, some people see cryptocurrencies as stocks and bonds.

Accessed Apr 19, Some cryptocurrencies for example, the interplay of to buy it, either from an exchange or another user.

estimating profitability of alternative cryptocurrencies

Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - Simplilearn
Simply put, cryptocurrencies are electronic peer-to-peer currencies. They don't physically exist. You can't pick up a bitcoin and hold it in. Cryptocurrencies are digital tokens. They are a type of digital currency that. In simple terms, cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies.