WHAT IS CRYPTOCURRENCY

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CRYPTOCURRENCY

USES CRYPTOGRAPHICAL FUNCTIONS

Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.

CRYPTOCURRENCY

NOT CONTROLLED BY CENTRAL AUTHORITY

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 immune to the old ways of government control and interference.

CRYPTOCURRENCY

SENT DIRECTLY BETWEEN TWO PARTIES

Cryptocurrencies can be sent directly between two parties via the use of private and public keys. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.

WHAT CAN YOU DO WITH CRYPTOCURRENCY

BUY GOODS

MINE

INVEST

ACCEPT AS PAYMENT

WHAT IS SPECIAL ABOUT CRYPTOCURRENCY

FAST AND GLOBAL

Transactions are propagated nearly instantly in the network and are confirmed in a couple of minutes.

SECURE

Cryptocurrency funds are locked in a public key cryptography system. Only the owner of the private key can send cryptocurrency.

PSEUDONYMOUS

Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on so-called addresses, which are randomly seeming chains of around 30 characters.

IRREVERSIBLE

After confirmation, a transaction can‘t be reversed. By nobody.

PERMISSIONLESS

You don‘t have to ask anybody to use cryptocurrency. It‘s just a software that everybody can download for free.

MOST POPULAR CRYPTOCURRENCIES

  • There are 350,000 Bitcoin transactions being made daily basis amounting to $6 billion per day
  • There are currently 5,201 cryptoassets (on March 15, 2020)
  • The crypto market has a total market capitalization of over $155 billion (on March 15, 2020)
  • Bitcoin makes up 63.8% of crypto’s market value