Cryptocurrencies have revolutionized the financial landscape by providing a decentralized, transparent, and immutable way to conduct financial transactions online. Utilizing blockchain technology, these digital currencies allow direct peer-to-peer exchanges, bypassing traditional financial intermediaries and their associated costs. Among the thousands of cryptocurrencies available, Bitcoin, Ethereum, and a few others dominate the market, collectively accounting for over 80% of the total market cap. Bitcoin’s decentralized nature ensures it operates independently of any central authority, governed instead by an immutable algorithm, which enhances security and transparency. For individuals and businesses, this means faster and more cost-effective transactions without the need for intermediaries or compliance with varying regulations.
