# Basic principles of cryptocurrency

By [StarGazer](https://paragraph.com/@stargazer) · 2023-08-28

---

Basic principles of cryptocurrency:Cryptocurrency works on the basis of blockchain technology, which is a chain of blocks containing information about all transactions made with a given cryptocurrency. Each block contains a hash of the previous block, which ensures the integrity of the chain. Transactions on the blockchain are verified and validated by a network of participants known as miners.

---

*Originally published on [StarGazer](https://paragraph.com/@stargazer/basic-principles-of-cryptocurrency)*