What Is a Cryptocurrency?
A cryptocurrency is a type of digital asset that uses cryptography and decentralized networks to secure transactions and control the creation of new units. Unlike traditional money issued by governments, cryptocurrencies operate on blockchains.
Transactions in cryptocurrency are verified by consensus mechanisms that prevent fraud and ensure the integrity of the ledger. Cryptography helps secure wallets, authenticate transactions, and protect user identities. Because cryptocurrencies are digital and not tied to a country’s banking system, they can be sent anywhere in the world with internet access.
Cryptocurrencies can be used for sending value, accessing decentralized applications, lending, trading, and more. Each cryptocurrency has its own set of rules, network, and purpose. Some, like Bitcoin, aim to be digital money; others power smart contracts or token ecosystems.
KAST enables users to spend and move popular cryptocurrencies and stablecoins through its platform and crypto cards, making digital assets practical in everyday life.
