What Are Cryptocurrencies? A Beginner’s Guide.

Cryptocurrencies are decentralized digital assets that use blockchain technology to record and secure transactions. Unlike traditional money, such as dollars or euros, cryptocurrencies are not issued or controlled by governments or central banks. They allow direct transactions between people, eliminating the need for intermediaries.

Examples of popular cryptocurrencies:

Bitcoin (BTC): The first and most well-known cryptocurrency, created in 2009.

Ethereum (ETH): More than a currency, it is a platform that supports smart contracts.

Binance Coin (BNB): Used primarily within the Binance ecosystem.