Cryptocurrency
Cryptocurrency is a form of digital or virtual money secured by cryptography, making it nearly impossible to counterfeit or double-spend. Unlike traditional currencies, cryptocurrencies are typically decentralized and operate on blockchain technology—a distributed ledger enforced by a network of computers.
How Cryptocurrency Works
Cryptocurrencies rely on blockchain networks to record and verify transactions. Each transaction is added to a block and, once validated, becomes a permanent part of the chain. Popular cryptocurrencies like Bitcoin and Ethereum use different consensus mechanisms, such as Proof of Work or Proof of Stake, to ensure network security and agreement on transaction validity.
Key Features of Cryptocurrency
Cryptocurrencies offer transparency, security, and global accessibility. They allow for peer-to-peer transactions without intermediaries like banks. Most are also resistant to censorship and inflation due to their decentralized nature and fixed supply models.
Shaping the Future of Finance
Cryptocurrencies are revolutionizing how we store and transfer value. From cross-border payments to decentralized finance (DeFi), they unlock new financial possibilities. As adoption grows, they’re also influencing policy, investment strategies, and innovation across industries.