Unveiling the Mechanics and Functionality

What is cryptocurrency and how does it work?

Digital Gold: Cryptocurrency serves as a digital counterpart to traditional physical assets like gold.

[{"selector":"#anim-d0e87de9-5f37-4a89-b3a6-35225dd07a89 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-7f9e005e-e37d-400b-8e80-07e0267110fe","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a64308b0-6790-46e8-b926-c23e7a690b07","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-48602800-5f44-4e59-8dc8-517d914c4162","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5367fb5a-bfa2-468b-be37-c81ec2ddd4b3","keyframes":{"transform":["translate3d(-121.25436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Decentralization: Unlike traditional currencies issued by governments, cryptocurrencies are decentralized.

[{"selector":"#anim-98c009bf-4dbe-42a4-bcc0-736afee127d4 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-14350266-1891-411b-a5cf-908393b7ace9","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-74fe7593-c2d6-4afd-afbf-951babde0776","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1170ea13-94a2-43bc-8fd6-73e43200b6b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e687b305-f4fe-49a6-8245-fd73948397bb","keyframes":{"transform":["translate3d(-121.25436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Blockchain Ledger: Cryptocurrency transactions are recorded on a blockchain, which is a transparent

[{"selector":"#anim-be700ee1-082f-4fc2-a042-cf5c2cc47ecc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab885354-83f4-46a5-aa30-4e039a0f05cc","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e52af963-9147-48e4-b0ae-53aaccd23ab7","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4af217b-9393-4d84-8ad4-533e930a2b2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7275cc9-0147-42e7-a33b-64fe1b98767c","keyframes":{"transform":["translate3d(-121.25436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Mining and Consensus: Cryptocurrencies like Bitcoin use a process called mining

[{"selector":"#anim-261c4cf7-2f98-4dcd-8689-5dc0d728b4fc [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8d367cf3-eabd-4678-be10-87eb65efd72a","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bea8d624-a093-4044-9b63-f22347fb87e4","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-639350e8-3ee4-4bbd-8b25-cc1d3f6e0471","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-41050693-96fa-41da-8e7f-460282769910","keyframes":{"transform":["translate3d(-121.95122%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

[{"selector":"#anim-cb31cecd-9bfb-491a-9f7d-da605c762283 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-e4002a3a-b430-420a-8cc1-2993beee95d4","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-61b152c6-b03f-4c8c-a236-c4e922cfefbf","keyframes":{"transform":["translate3d(-118.27242%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-37c85240-0d98-4056-95fa-7392b66798b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a2b09934-7954-46e4-b193-486a21d231a1","keyframes":{"transform":["translate3d(-121.25436%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Anonymity and Privacy : While transactions are recorded on the blockchain, the identities of participants are encrypted.

Always prioritize learning and research before making any decisions.

[{"selector":"#anim-0efa0d81-5c97-49b0-87c4-e09e173318b0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-12.514648210040342%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-8ebba27f-f357-4cb9-a2e8-7adef1d5dc45","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] [{"selector":"#anim-3c67e8d5-80bd-414e-a585-c7f7dda11d16","keyframes":{"transform":["scale(1)","scale(1.5)","scale(0.95)","scale(1)"],"offset":[0,0.33,0.66,1]},"delay":0,"duration":1450,"easing":"ease-in-out","fill":"both","iterations":1}] Learn more