# How Cryptocurrencies Work

By [Untitled](https://paragraph.com/@0xaabd1838e8a2ecd6973716050c0190a6253f0e09) · 2023-07-21

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Cryptocurrencies operate on a blockchain, a distributed ledger that records all transactions across a network of computers. Each transaction is secured with cryptographic encryption, ensuring its integrity and preventing fraud or double-spending. Miners or validators on the network use computational power to confirm transactions and add them to blocks on the chain. This process ensures the decentralization and security of the cryptocurrency network.

[https://opensea.io/assets/0xe941Bf6C504674cAFCa0e6d81Fb65d6A466aB05e/1](https://opensea.io/assets/0xe941Bf6C504674cAFCa0e6d81Fb65d6A466aB05e/1)

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*Originally published on [Untitled](https://paragraph.com/@0xaabd1838e8a2ecd6973716050c0190a6253f0e09/how-cryptocurrencies-work)*