Which feature is NOT associated with cryptocurrencies?

Cryptocurrencies are primarily characterized by their decentralized nature, which allows for a distributed and peer-to-peer (P2P) transaction model. This means that they generally operate without the need for central authorities or intermediaries, making them distinct from traditional financial systems where centralized governance is common.

The key feature that is not associated with cryptocurrencies is centralized governance, as most cryptocurrencies utilize blockchain technology to ensure security and integrity without the need for a single governing body. Minting on the blockchain refers to the creation of new currency units, which is an essential aspect of cryptocurrencies. The ability for these assets to be digitally transferable in real time is a fundamental advantage over traditional payment methods, allowing for immediate transactions. Furthermore, P2P transactions enable users to send and receive funds directly, highlighting the decentralized ethos at the core of cryptocurrency design.