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Cryptocurrencies are the native currencies of Web 3, enabling decentralized financial systems and providing new ways to exchange value online. While traditional financial systems rely on banks and governments to issue and regulate money, cryptocurrencies like Bitcoin and Ethereum operate without central control. They allow users to transact peer-to-peer, bypassing intermediaries and reducing transaction costs. In Web 3, cryptocurrencies are not just a form of payment; they also fuel decentralized applications (dApps), smart contracts, and governance structures. For example, Ethereum’s native cryptocurrency, Ether, is used to power dApps and smart contracts, while other tokens are used to vote on DAO proposals, driving Web 3’s decentralized ecosystem.