digital currencies

Economy

The Rise of Cryptocurrency: Impact on Global Economies

Introduction Definition of Cryptocurrency Cryptocurrency is a form of digital currency that utilizes cryptography for secure transactions and control of new unit creation. Unlike traditional currencies issued by governments, cryptocurrencies operate on decentralized networks based on blockchain technology. This means that transactions take place directly between users, enabling peer-to-peer exchanges without a central authority. Key Features of Cryptocurrency Decentralization :…