What are cryptocurrencies?

Cryptocurrencies have taken over the financial world, redefining the way we perceive money and transactions.

Cryptocurrencies, like Bitcoin and Ethereum, are digital currencies that employ an innovative technology known as blockchain to ensure their security and integrity.

Unlike regular bank money, cryptocurrencies are not controlled by any large company or government. Instead, cryptocurrencies are like public digital ledgers that anyone in the world can see and maintain a copy of.

As a result, cryptocurrencies are global, secure, and transparent. Generally, you can send and receive these coins to anyone in the world, at a faster speed, without extra fees or documentation required by banks.

People often say that cryptocurrencies are decentralized, which is another way of saying they are not controlled by a centralized entity. Essentially, you own your own digital wallet that gives you more freedom and control over your money.