A cryptocurrency (or crypto currency) is a digital assetdesigned to work as a medium of exchange designed to use cryptography to secureits transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
A cryptographic currency is a digital, decentralizedcurrency. It is based on blockchain technology. A record of transactions ismaintained across several computers that are linked in a peer-to-peer network. Cryptocurrencies are an exciting new technology poised to disrupt the way financial transactions occur. There are nearly 1500 cryptocurrencies in existence, the best known being bitcoin, Ethereum and Ripple.
A cryptocurrency, such as Bitcoin or Ethereum, is a digitalcurrency that can be converted into actual money after being decrypted. Thereare hundreds of different kinds of cryptocurrency in existence. A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange. It uses cryptography to secure and verify transactions.
