Cryptocurrency Overview
Cryptocurrency is a decentralized digital currency powered by blockchain technology, enabling secure and transparent transactions without intermediaries. Bitcoin, launched in 2009, was the first of over 23,000 cryptocurrencies, with the market now valued at over $1 trillion.
Key Features
-Decentralized: Operates on peer-to-peer networks, reducing centralized control.
Secure: Uses blockchain for fraud-resistant transactions.
Transparent: Public ledger records all transactions.
-Scarce: Many, like Bitcoin, have a limited supply, potentially increasing value.
Trends & Risks
Adoption by major companies and the rise of DeFi and NFTs highlight cryptoâs growth. However, it remains volatile, faces regulatory uncertainty, and is vulnerable to security threats.
Conclusion
Cryptocurrency is reshaping finance, offering both opportunities and significant risks for investors and users alike.
