1. What is cryptocurrency?
Cryptocurrency is a digital asset based on cryptography technology. It has the characteristics of decentralization and immutability, allowing users to complete peer-to-peer transactions without traditional financial institutions such as banks.
💰 Main features:
✔️ Digitalization: It only exists in the virtual network and has no physical form.
✔️ Cryptographic security: Cryptography is used to ensure transaction security and privacy.
✔️ Decentralization: It is not controlled by any government or financial institution, and transactions are maintained by users around the world.
✔️ Peer-to-peer transactions (P2P): No intermediaries are required, and transactions are completed directly between users.
✔️ Immutability: Once a transaction is recorded on the blockchain, it cannot be changed or deleted.