Cryptocurrency and Bitcoin are terms that have become frequently repeated in recent years. Whether we like it or not, they have become part of our reality and our global economy.
I believe you clicked on the article link because you want to understand it and learn more about it, and that is exactly what we will provide you in this complete guide
Where we will discuss everything you should know about cryptocurrency, starting from its definition, how it works, its most famous currencies, its advantages and disadvantages, and even how to invest in it and its future.
Prepare your mind now and start reading the article from beginning to end to understand the matter in all its details.
What is Cryptocurrency?
Cryptocurrency or crypto is a digital or virtual asset that has a value similar to money or gold, and can be used for buying, selling and bartering.
It was called Crypto because it uses Cryptography for protection, a feature that has a very significant contribution to its existence and features.
We can think of cryptocurrency as being like traditional currencies (pound, riyal, dollar,...) but it is decentralized.
That is, it is not subject to a government, central bank, or banking system like traditional currencies, and thus gives its users greater freedom and security, and ensures that there is no one monitoring their money and transfers.
This is done through Blockchain technology, on which cryptocurrencies are based. We have devoted an entire article to this technology, which we advise you to read as well.
Of course, everything we mentioned here above constitutes an advantage and at the same time may cause a disadvantage for the cryptocurrency, and we will talk about this matter in more detail shortly.