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Some of key characteristics are: Cryptocurrency is no more a term alien to most, especially for people in the cryptoland. Crypto prices are ever volatile and unpredictable at the best of times. If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling. Cryptocurrency removes the 2 key elements in the management of money and finance:
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Arguably, its characteristics more closely resemble commodities rather than conventional currencies.
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* decentralized, the ledger is distributed and saved in nodes around the world * trustless, meaning that the network as a whole verifies and guarantees the correctness of the data without the need for a source of t.
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