Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments (often referred to as fiat currencies), cryptocurrencies operate on decentralized networks based on blockchain technology, which is a distributed ledger enforced by a network of computers (nodes). This decentralized nature allows for peer-to-peer transactions without the need for intermediaries like banks.
Cryptocurrencies can be used for various purposes, including online purchases, investment, and as a means of transferring value across borders. They are characterized by features such as limited supply, visibility of transactions on the blockchain, and the use of cryptographic techniques to control the creation of units and secure transaction records. Some of the most well-known cryptocurrencies include Bitcoin, Ethereum, and Litecoin, each with its own unique features and technology.
The rise of cryptocurrencies has led to new financial paradigms and has prompted discussions about regulation, security, and the future of money in our increasingly digital world.
XRP's journey reflects a dramatic rise and current volatility, recently trading 40% below its peak. Strengthened by favorable regulatory changes, such as the SEC dropping its lawsuit against Ripple. XRP's…
BBVA is leading the way in integrating cryptocurrencies with traditional banking, breaking industry norms by offering Bitcoin and Ether trading and custody services. The European Union's MiCA regulation has brought…