Jimbey
@jimbey
0 reply
0 recast
1 reaction
Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized networks based on blockchain technology. Unlike traditional currencies issued by governments, cryptocurrencies typically rely on a distributed ledger system to record transactions. Bitcoin, created in 2009, was the first and remains the most well-known cryptocurrency, but thousands of others have since emerged, each with unique features and purposes. Cryptocurrencies enable peer-to-peer transactions without intermediaries like banks, offering potential benefits such as lower transaction fees, increased financial privacy, and accessibility to global markets. However, their decentralized nature also raises concerns about regulation, security, and volatility in value. 0 reply
0 recast
7 reactions