Cryptocurrencies are digital or virtual tokens that use cryptography for security. A defining feature of cryptocurrencies is that they are not issued by any central authority, making them immune to government interference or manipulation. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. The decentralized nature of cryptocurrency ledgers makes them secure against fraudulent activities.Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are created through a process called mining. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain, a decentralized and public ledger of all cryptocurrency transactions.Mining is a computationally intensive process that requires expensive hardware and consumes significant amounts of energy.Cryptocurrencies can be used to buy goods and services, or can be held as an investment. Bitcoin, the first and most well-known cryptocurrency, has seen its value rise sharply in recent years.Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods and services. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.Cryptocurrencies are created through a process called mining. Miners are rewarded with cryptocurrency for verifying and committing transactions to the blockchain, a decentralized and public ledger of all cryptocurrency transactions.Mining is a computationally intensive process that requires expensive hardware and consumes significant amounts of energy.
