$BTC

What is the method of working with cryptocurrency?

Cryptocurrencies operate on a distributed public ledger called a blockchain, which is a record of all transactions that is updated and maintained by currency holders.

Cryptocurrency units are created through a process called mining, which involves using computer power to solve complex mathematical problems that generate coins. Users can also purchase currencies from brokers, then store and spend them using cryptocurrency wallets.

If you own cryptocurrency, you do not own anything tangible. What you own is a key that allows you to transfer a record or unit of measurement from one person to another without a trusted third party.

Although Bitcoin has been around since 2009, cryptocurrencies and blockchain technology applications are still in the early stages financially, and more uses are expected in the future. Eventually, transactions including bonds, stocks, and other financial assets can be traded using this technology.