What Does Cryptocurrency Mean, What Are Its Features

What Does Cryptocurrency Mean, What Are Its Features?

Cryptocurrencies are digital assets that are used as virtual currency and do not exist in any physical form. They are secured by cryptography, that is, encryption. In this way, for example; The act of “double spending”, which means counterfeiting or making multiple transactions with the same cryptocurrency, has become almost impossible.

The world's first cryptocurrency was Bitcoin, created in 2008. Bitcoin was followed by other types of cryptocurrencies, the number of which is in the hundreds today. Unlike currencies in the classical sense, cryptocurrencies are not issued by a central authority. This feature is perhaps the most attractive aspect of cryptocurrencies for investors. Because in this way, most cryptocurrencies remain exempt from government regulation or manipulation.

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