krüptooni

Krüptooni is a Finnish term that translates to "cryptocurrency" in English. It refers to a digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by governments, cryptocurrencies are typically decentralized, meaning they are not controlled by a single entity like a central bank. Their transactions are often recorded on a distributed ledger technology known as a blockchain, which makes them transparent and resistant to manipulation.

The concept of cryptocurrency first gained prominence with the creation of Bitcoin in 2009. Since then, thousands of other cryptocurrencies, often called altcoins, have emerged, each with its own unique features and purposes. These digital currencies can be used for various transactions, including purchasing goods and services, investing, or sending money across borders. The value of cryptocurrencies can be highly volatile, subject to market demand and speculation. Regulatory frameworks surrounding cryptocurrencies are still evolving in many countries.