💥💥The cryptocurrency market operates in a decentralized manner and is based on blockchain technology that ensures security in its transactions. Although each of them may have specific rules and mechanisms for their operation, there are some general characteristics that can be listed and that facilitate their understanding: Blockchain: unless it is a token, all cryptocurrencies rely on blockchain technology, a decentralized and secure digital ledger that allows verified transactions to be carried out through a network of computers called nodes.
The blockchain helps to record and verify all transactions made with the cryptocurrency and each of them is grouped into blocks, which in turn are linked to a chain of blocks sequentially, thus creating an immutable and transparent history for everyone.
Cryptography: this type of digital currency uses cryptography techniques to protect privacy among users, authenticate transactions, and also control the issuance of new coins.