What is a Cryptocurrency?

Created by Ethos Support, Modified on Wed, 08 Feb 2023 at 06:53 PM by Ethos Support

Any type of currency that is transferred via a blockchain, using decentralized and cryptographic protocols. By using these protocols, the value of the data being transferred is resistant to fraud, and is protected from negative features of traditional fiat currency, such as counterfeiting. This transparency, coupled with its P2P and portable nature is considered one of its many benefits, in addition to the fact that it is theoretically unable to be interfered with by centralized governments and organizations. As of 19th February, the most valuable cryptocurrency in the world is Bitcoin. Other cryptocurrencies include Litecoin, Dash, ZCash, Monero, and Nano.


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