Judge for yourself. Any existing state currency is fully controlled by the state.

Each country establishes a certain tax system, principles and procedures for currency circulation. In addition, there are many intermediaries when working with money. For example, banks that control the spending of funds and set their own rates and interest for use, exchange offices, even Internet payment systems that charge interest on transactions.

Cryptocurrency, on the other hand, exists on the Internet, and the digital code does not belong to anyone, so it is impossible to limit its circulation, intervene in operations and set your own rates for use. For this reason, the main principle of cryptocurrency is decentralization, which means the impossibility of external interference in its circulation. The essence of cryptocurrency is the possibility of unhindered and free trade without the participation of intermediaries.

Moreover, electronic money is only one of the possible ways to implement blockchain technology. In fact, the blockchain as a way of processing information opens up many other options for its use:

Since 2016, the industrial giant IBM has been using blockchain to work with cloud servers, thanks to which the company's customers have been able to independently create their own applications based on IBM developments.
The young company MedRec from the USA is actively working on the creation of a single database of medical information about patients based on blockchain technology. According to the company's idea, this database should contain a family history that would be passed down from generation to generation.
The British project Myceria, created on the basis of blockchain technology, is intended for the free sale of musical works without the cost of covers, lawyers and accountants.

Types of cryptocurrencies: countless options
The cryptocurrency market today has more than a thousand types of electronic coins. But many types of coins simply copy each other, trying to gain recognition in new ways of investing and trading, that is, they have purely marketing differences and nothing more. Therefore, what cryptocurrencies are and can be depends on the attractiveness of projects and available opportunities.

However, among the thousands of existing types of cryptocurrencies, those that have gained the most popularity and become a reliable way of trading stand out. This list is closed: to get into it, coins must earn credibility among users and reach a high level of capitalization.

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