What are Cryptocurrencies?

Everyone is talking about Cryptocurrencies these days! But what are these mysterious Cryptocurrencies? Let us take a dive into the world of Cryptos!

Cryptocurrencies are among the newest innovations in the financial world, providing a decentralised network where transactions can be conducted without intermediaries! Simply put, transactions can be conducted without the involvement of middlemen, such as central authorities and financial institutions.

Due to the massive popularity of cryptocurrencies over the past couple of years, they have become a conventional and popular asset. The main purpose of this new technology is to allow people to buy, trade and invest without having to rely on banks or any other financial institutions.