Cryptocurrencies: The Financial Revolution that Changed the World

In the last decade, cryptocurrencies have emerged as one of the most significant technological and financial innovations in modern history. From Bitcoin to Ethereum and thousands of other currencies, these digital assets have become an integral part of the global financial system. But what is the secret of their success? And why do they stir so much controversy?

1. What are cryptocurrencies?

Cryptocurrencies are encrypted financial assets that rely on blockchain technology, which is a decentralized digital ledger that records all transactions securely and transparently. They are characterized by not being under the control of any central bank or government, making them:

Decentralized: Not controlled by any single entity.

Secure: Use encryption to protect transactions.

Global: Can be used across borders without restrictions.

The most famous of them:

Bitcoin (BTC) 29,414,160,746: The first and most valuable cryptocurrency.

Ethereum (ETH) 3,979,716,884: Enables smart contracts and decentralized applications.

Other currencies such as Solana (SOL) 8,181,033,43 and Cardano (ADA) and Ripple (XRP)

2. How do cryptocurrencies work?

Cryptocurrencies rely on a blockchain network, where

. Transactions are recorded in blocks and linked together in a chain.

. Miners or validators verify the validity of transactions.

Rewards are distributed to participants in the network in new coins (such as Bitcoin mining). 520,144,410,689,476,348,966,002,491,580,765