Krüptomüntidel

Krüptomüntidel is the Estonian term for cryptocurrencies. These are digital or virtual currencies that use cryptography for security. Cryptocurrencies are typically decentralized, meaning they are not controlled by a single entity like a central bank or government. Instead, they operate on a distributed ledger technology, most commonly a blockchain, which is a record of all transactions that is maintained across many computers.

The first and most well-known cryptocurrency is Bitcoin, created in 2009. Since then, thousands of other cryptocurrencies, often referred to as altcoins, have emerged. Examples include Ethereum, Ripple, Litecoin, and many others, each with its own unique features and purposes. The value of cryptocurrencies can be highly volatile, fluctuating significantly based on market demand, adoption rates, and regulatory news.

Users typically store cryptocurrencies in digital wallets, which can be software-based or hardware-based. Transactions are recorded on the blockchain, making them transparent and immutable once confirmed. Mining is a process used by some cryptocurrencies, like Bitcoin, to create new coins and validate transactions. This involves powerful computers solving complex mathematical problems. The regulatory landscape for cryptocurrencies varies widely across different countries, with some embracing them and others imposing strict controls.