💡What is a cryptocurrency?

A cryptocurrency is a digital asset designed to function as a medium of exchange, using cryptography to ensure secure, transparent and decentralized transactions. Each cryptocurrency operates on its own Blockchain, a technology that acts as a distributed digital ledger, recording all transactions in a public and immutable manner. This eliminates the need for intermediaries such as banks, allowing for fast and affordable transfers globally.

Characteristics of a Blockchain

• It is a decentralized network

• Transparent and auditable

• High degree of security

• Cryptography-based code