What is #العملات_المشفرة

Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that allows anyone, anywhere to send and receive payments. Instead of carrying and exchanging money in the real world, cryptocurrency payments exist in the form of digital entries in an electronic database that describes specific transactions. When cryptocurrency funds are transferred, transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.

Cryptocurrency gets its name because it uses cryptography to verify transactions. This means that there is a sophisticated coding system involved in storing and transferring cryptocurrency data between wallets and public ledgers. The goal of cryptography is to provide security and safety.

The first cryptocurrency was #Bitcoin, which was founded in 2009 and is still the most popular to this day. Much of the interest in cryptocurrencies involves trading for profit, with speculators sometimes driving prices higher.