Half-a-minute finance : What is a cryptocurrency ?

Cryptocurrencies are changing the world !

A cryptocurrency is a decentralized digital currency that operates through a protocol called blockchain and uses cryptographic algorithms to ensure the security, reliability and traceability of transactions.

It allows crypto assets to be exchanged directly from one user to another without the need for an intermediary such as a bank. It is the blockchain that acts as a public ledger by recording all transactions.

There are different platforms to buy and sell cryptocurrencies such as Coinbase, Binance, Kraken…

There are thousands of cryptocurrencies, the most famous is Bitcoin, created in 2009 by a developer (or group of developers) under the pseudonym Satoshi Nakamoto.

If you want to buy cryptos, Binance is the largest exchange platform in the world and one of the most user-friendly.