𝗛𝗼𝘄 𝗖𝗿𝘆𝗽𝘁𝗼𝗰𝘂𝗿𝗿𝗲𝗻𝗰𝘆 𝗪𝗼𝗿𝗸𝘀

𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Cryptocurrency is digital money using blockchain technology for security and decentralized transactions.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁𝘀

𝟏. 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧: Distributed ledger recording transactions across a network of computers.

𝟐. 𝐂𝐫𝐲𝐩𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐲: Secures transactions with public and private keys.

𝟑. 𝐌𝐢𝐧𝐢𝐧𝐠 𝐚𝐧𝐝 𝐂𝐨𝐧𝐬𝐞𝐧𝐬𝐮𝐬: Validation process using Proof of Work (PoW) or Proof of Stake (PoS).

𝟒. 𝐖𝐚𝐥𝐥𝐞𝐭𝐬: Store public and private keys for accessing funds.

𝟓. 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬: Initiated by users, verified by miners or validators, and added to the blockchain.

𝟔. 𝐃𝐞𝐜𝐞𝐧𝐭𝐫𝐚𝐥𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲: Open ledger and no central authority ensure transparency and security.

𝗔𝗱𝘃𝗮𝗻𝘁𝗮𝗴𝗲𝘀

𝟏. 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐲: Cryptographic security and decentralized nature.

𝟐. 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲: All transactions are visible on the public ledger.

𝟑. 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲: Faster and cheaper transactions.

𝟒. 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧: Access to financial services for the unbanked.

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