Cryptocurrencies are digital currencies, as they are assets with a cryptographic encryption that guarantees their ownership and integrity of transactions and prevents them from being replicated.

Depositphotos.com

How is the operation of these intangible currencies possible?

Their operation has the particularity of differentiating themselves from traditional systems, as they are not controlled or regulated by any institution, as well as not being necessary intermediaries for transactions.

It is used for the control of transactions, a decentralized database, blockchain or a shared ledger . The blockchain is a technology for the transfer of data and capital in a secure way, due to the sophisticated coding and encryption that it has. They are “blockchains” that create networks of devices without a central server.

When making a purchase or sale of the digital cryptocurrency asset, the operation…

Read more…