A botnet refers to a network of infected computers or devices controlled by a single entity, known as a botmaster. In the context of cryptocurrency, botnets are often used to carry out malicious activities that can harm users and systems.One common use of botnets in cryptocurrency is for distributed denial-of-service (DDoS) attacks. In this scenario, a botnet floods a target, such as an exchange or wallet service, with traffic, causing it to crash or become unresponsive. This can create market manipulation opportunities or disrupt services.Another significant use of botnets involves the mining of cryptocurrencies. Cybercriminals can hijack the processing power of infected devices to mine coins without the owners’ knowledge. This practice is known as cryptojacking and is increasingly prevalent as it requires minimal investment from the attacker.Overall, botnets pose a serious threat to security and stability, enabling various forms of exploitation and fraud within the cryptocurrency space. Users are encouraged to secure their devices and be aware of potential vulnerabilities.