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Cryptocurrency is a digital asset recorded and verified using blockchain technology. Here are the main features and applications of cryptocurrency:

1. Decentralisation: Cryptocurrencies do not require centralised entities (such as banks) to validate and record transactions. They achieve this through a distributed ledger (blockchain).

2. Security: Cryptocurrencies utilise cryptographic techniques to ensure the security and immutability of transactions.

3. Application Scenarios: Cryptocurrencies can be used in various scenarios, including payments, investments, and tokenisation of assets.

4. Blockchain Technology: Cryptocurrencies are closely tied to their underlying blockchain technology. Each cryptocurrency exists on a specific blockchain that records and verifies transactions.

5. Tokenisation: Cryptocurrencies can represent ownership of physical assets or rights, converting these assets into digital form through tokenisation.

6. Consensus Mechanism: Cryptocurrencies use consensus algorithms to ensure the security and consistency of the network. Consensus algorithms can be categorized into machine consensus, governance consensus, and market consensus, among others.

7. Stability: Although cryptocurrency prices can be highly volatile, stablecoins (a type of cryptocurrency pegged to fiat currency) are designed to provide a more stable store of value and medium of exchange.

In summary, cryptocurrencies are digital assets based on blockchain technology, characterised by decentralisation, security, and diverse application scenarios.