What is cryptocurrency?

Cryptocurrency; It is an internet-based currency based on cryptography. The basis of cryptocurrencies lies in Blockchain technology, which provides decentralization, transparency and immutability.

The most important feature of a #cryptocurrency is that it is not controlled by any central authority. The decentralized nature of the blockchain makes cryptocurrencies theoretically resistant to government control and interference.

Cryptocurrencies can be sent and received directly between two parties using private and public keys. There is no intermediary in cryptocurrency transactions. Cryptocurrencies eliminate the middleman. At the same time, these transfers are made cost-effectively, without the high fees charged by traditional financial institutions.

Although studies on cryptocurrency date back to the 1980s, the main breakthrough occurred with the launch of #Bitcoin in 2009.