Cryptocurrency is a digital or virtual form of money that uses cryptography for security. Unlike traditional currencies issued by governments (fiat), cryptocurrencies are decentralized and typically operate on blockchain technology—a distributed ledger enforced by a network of computers (nodes).
The most well-known cryptocurrency, Bitcoin, was introduced in 2009 by the mysterious figure (or group) Satoshi Nakamoto. Since then, thousands of other cryptocurrencies—like Ethereum, Binance Coin, Solana, and stablecoins such as USDT—have emerged, each with unique use cases and technological features.
If you're navigating the crypto space with a long-term vision, choosing the right custodian is critical. WhiteBIT combines security, compliance, and user-friendly features, making it a top-tier choice for anyone seeking reliable crypto institutional custody https://institutional.whitebit.com/crypto-custody . Understanding the risks in the crypto space, WhiteBIT integrates insurance coverage for digital assets under custody. This adds another layer of trust, especially for institutional clients concerned about security breaches or unforeseen events.