The term "cryptocurrency" refers to a digital currency based on cryptographic protocols, which make transactions safe and extremely difficult to falsify.
The most important feature of cryptocurrencies is that they are not controlled by any central authority: the decentralized nature of the Blockchain makes these coins practically immune to interference or control by governments.
Furthermore, thanks to the combination of a public and a private key, cryptocurrencies simplify the transaction process. The exchanges take place with minimal processing costs, allowing users to avoid the very high commissions imposed by traditional financial institutions.
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“Disclaimer: The Capital has received payment in exchange for writing this article”Hey guys! Happy to connect today and learn more about BNBPay! Can you tell us […]
Dimitrios GourtzilidisFollowNov 1 · 4 min readWhen we talk about economic and finance topics, we take “money” for granted. But when we ask ourselves what money […]
Photo by Marc-Olivier Jodoin on UnsplashProof of Capacity is a consensus mechanism to regulate the validation of new blocks on blockchains. The procedure is one of […]