The article reveals a conceptual basis of the cryptocurrency functioning. The main types of cryptocurrencies are featured and analyzed as well as their general strengths and weaknesses.
Based on the price dynamics correlation analysis of some cryptocurrency types, a general low level
of dependence between digital assets is established. The main functions of the cryptocurrency are
formulated in the form of transformed money functions. Also, additional functions of cryptocurrencies
are defined on the basis of their innovative nature, as well as the role in the modern financial system
and world economic relations
