Cryptocurrency: A New Era in Global Finance
Cryptocurrency has revolutionized the financial landscape, offering a decentralized alternative to traditional banking systems. Based on blockchain technology, cryptocurrencies enable peer-to-peer transactions without the need for intermediaries like banks or governments. The most well-known cryptocurrency, Bitcoin, was introduced in 2009 and has since paved the way for thousands of other digital currencies.
How Cryptocurrency Works
Cryptocurrencies use blockchain technology, a distributed ledger, to record all transactions securely and transparently.
Miners validate transactions through cryptographic techniques, and public and private keys ensure security. This system enables relatively anonymous transactions, attracting both proponents of privacy and critics concerned about illegal activities.