A payment that is processed immediately with no third party involved

A transaction that is reversible, allowing the sender to cancel it

 A transaction that only occurs after a specified time period

A transaction where funds are held by a trusted third party until certain conditions are met

Cryptocurrencies are backed by tangible assets like gold

Cryptocurrencies are guaranteed to always increase in value

Cryptocurrencies provide a decentralized and global payment system

Cryptocurrencies are always immune to inflation

High-performance computing hardware and dedicated servers

A specialized hardware wallet

A simple smartphone with no internet connection

Only a mobile device with internet access

Using multi-signature wallets for all transactions

Limiting transactions to users with high balances

Enabling private keys to be shared among multiple parties

 Requiring centralized verification for every transaction

To act as a digital wallet for storing cryptocurrency

To store information about the transactions, including timestamps and cryptographic hashes

To enforce smart contract rules

To store the personal data of users