IRC stands for Internet Relay Chat. It is a protocol used for real-time communication across the internet, allowing users to join channels or chat rooms to discuss various topics, including cryptocurrency.In the context of cryptocurrency, IRC serves as a platform for developers, traders, and enthusiasts to connect and share information. Many projects and communities use IRC channels to provide updates, troubleshoot issues, and facilitate discussions about technical developments, market trends, and upcoming events.IRC’s simplicity and lightweight nature make it appealing for quick exchanges of ideas and announcements. It also allows members to interact without the need for complex interfaces, making it accessible to a wide audience.While IRC has been around for decades, it has seen a decline in popularity with the rise of more modern communication tools. However, several cryptocurrency communities still prefer it for its straightforward, real-time messaging capabilities.