What is Cryptocurrency ?

What is Cryptocurrency ?

What is Cryptocurrency ?

Crypto currency or cryptocurrency is a digital asset which is understood as digital currency. This currency is very different from the conventional version, where cryptocurrency is used for virtual transactions over the internet network.

This currency is decentralized, which means that no one party is intermediary in a transaction. So, payments take place on a peer-to-peer basis, which means they are made between the sender and recipient directly. In addition, all transactions will be recorded through a system that is already available with optimal security.

Due to its decentralized nature, cryptocurrency requires sophisticated and capable computer specifications. In general, they will use the blockchain platform to make transactions easier.

Cryptocurrency