Cryptocurrencies are digital currencies that operate without the need for a central bank. They use blockchain technology, a type of public and decentralized database that securely and transparently records all transactions. The first and most well-known cryptocurrency is Bitcoin, created in 2009. Since then, many others have emerged, such as Ethereum, Litecoin, and Solana.
Unlike traditional money, cryptocurrencies are not printed but are 'mined' or obtained through digital processes. You can use them to purchase goods or services, invest, or send them to other people anywhere in the world with low fees.
One of the main attractions of cryptocurrencies is their decentralization: they do not depend on governments or banks. However, this also entails risks such as high price volatility and the possibility of losing funds if not adequately protected.
To store cryptocurrencies, digital wallets are used, and they can be purchased on platforms called exchanges, such as Binance or Coinbase. Although they are still not regulated in all countries, cryptocurrencies are gaining popularity as a financial alternative, especially among people seeking economic independence or ways to invest outside the traditional system.
