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Crypto (cryptocurrency) is a digital currency or virtual asset that is secure, decentralized, and uses cryptography technology and blockchain to record transactions without intermediaries like banks. Crypto has no physical form, operates on a distributed network, and is popular as an investment instrument as well as a digital means of exchange.
KPU Yalimo
KPU Yalimo
+3
Main Characteristics of Crypto Assets:
Decentralization: Not regulated by the government or central financial institutions.
Blockchain & Cryptography: Transactions are recorded on a transparent digital (blockchain) ledger protected by secret codes that are impossible to counterfeit.
High Volatility: The value of crypto can change very drastically in a short period.
Types: Bitcoin is the most popular example, followed by altcoins (alternative coins) such as Ethereum, Solana, and others.