Cryptocurrencies are digital currencies that use cryptography to secure transactions and control the creation of new units. They operate in a decentralized manner, without government or institutional control. Some key features include ¹:
- *Decentralization*: They are not regulated by any government or financial institution.
- *Security*: They use advanced cryptography to protect transactions.
- *Anonymity*: They allow transactions to be conducted without revealing identities.
- *Limitation*: Most have a cap on the number of units that can be created.
Some important terms in the world of cryptocurrencies are:
- *Altcoin*: Any cryptocurrency other than Bitcoin.
- *Blockchain*: Decentralized ledger where transactions are stored.
- *HODL*: To hold cryptocurrencies long-term.
- *Whale*: A person with large amounts of cryptocurrency that can influence the market.
