What is a Crypto Currency?

Cryptocurrencies are digital asset and decentralized currency. It works through the secured blockchain technology. It applies encryption method to manage the creation of financial units and to ensure the transfer of funds (using Public key and Private key only). There is low fee for transaction. There is no intermediate person for transaction.
A cryptocurrency is a form or type of digital money that is designed to be anonymous in many cases and which is strictly secure. It can also be referred to as a currency that is related to the internet and uses cryptography, a process of converting legitimate information into the UN-hacked or UN-crackable code, in order to track transfers and purchases.

Leave a Reply