What Is Cryptocurrency | Shop ASMR

Cryptocurrency is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It uses a digital ledger or [[blockchain-technology|blockchain technology]] to store individual coin ownership records, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are [[proof-of-work|proof of work]] and [[proof-of-stake|proof of stake]]. Cryptocurrencies are not considered to be currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions.