#CryptoNewss What are cryptocurrencies

Cryptocurrencies are virtual currencies, with no physical equivalent, that use cryptography to secure transactions and payments and to control the creation of new monetary units.

How cryptocurrencies work and what they are used for

Cryptocurrencies are decentralized digital assets, as they are not controlled or backed by any central bank, and their exchanges do not require intermediaries. The control of cryptocurrency transactions depends on a decentralized database, usually a blockchain.

Cryptocurrencies are used as an alternative means of payment to legal tender and more frequently as an investment. $BTC