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Tuesday, February 20, 2018

Cryptocurrency - All You Need To Know




A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

Cryptocurrencies are a type of digital currencies,alternative currencies and virtual currencies

Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems.

The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger

Bitcoin created in 2009 was the first  cryptocurrency

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