Cryptocurrency

Digital currency that uses cryptography to secure transactions and control the creation of new units.

What is it? - Dummies

It's money that only exists on the internet and that you can use to buy things or send it to other people, but without banks or papers.

What is it? - PRO

A cryptocurrency is a digital asset that functions as a medium of exchange based on cryptography and blockchain technology.

The transactions are verified by a decentralized network of nodes and the issuance is regulated by cryptographic algorithms, ensuring security and scarcity.

Key points

Decentralized and without central control.

Blockchain-based.

It can be fungible (Bitcoin, Ethereum).

It supports peer-to-peer transfer.

Sales and disadvantages

Advantages:

Fast and global transactions.
Lower commissions than traditional systems.
Protection against censorship and confiscation.

Disadvantages:

High volatility.
Risk of loss due to errors in private keys.
Use in illegal activities (although a minority).

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