Cryptocurrencies have become one of the most talked-about innovations in recent years. Whether it’s Bitcoin making headlines for its surges in value or governments grappling with the regulation of decentralized finance, cryptocurrencies are reshaping the world. But what exactly are they, and how do they work? What Are Cryptocurrencies? Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional money issued by governments, cryptocurrencies are typically decentralized and operate on blockchain technology—a public ledger that records all transactions across a network of computers. This decentralized nature means no central authority, like a bank or government, controls or...
Understanding Cryptocurrencies: The Digital Future of Finance
