What is Cryptocurrency?
A cryptocurrency is a digital or virtual form of currency that uses cryptography for security. It operates on decentralized networks based on blockchain technology, making it resistant to interference or manipulation from central authorities.
Key Features
Digital Nature
Exists only in digital form, with no physical coins or notes.
Cryptographic Security
Advanced cryptography protects transactions and controls the creation of new units.
Decentralization
Most cryptocurrencies operate without central authority oversight.
Types of Cryptocurrencies
- Payment tokens (Bitcoin, Litecoin)
- Platform tokens (Ethereum, Solana)
- Stablecoins (USDT, USDC)
- Utility tokens
- Governance tokens
Related Terms
Ready to Start Trading?
Join The Kingfisher community and get access to professional-grade trading tools and insights.