Cryptocurrencies are powered by blockchain technology, a distributed public ledger in which all transactions are recorded. Transactions are verified and added to the blockchain by miners who receive rewards in cryptocurrency.
Cryptocurrencies have a number of advantages, including lower transaction fees, greater privacy, and the potential for higher investment returns. However, they also come with risks such as price volatility, unregulation, and the potential to be used in illegal activities https://bitcoinnewsreview.com
Despite the risks, cryptocurrencies have gained popularity in recent years and are increasingly being accepted as a payment method. The future of cryptocurrencies is uncertain, but they are likely to play an increasingly important role in the global financial system.