What Is Cryptocurrency?
Cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of more units of the currency. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.
Simple Explanation Of Cryptocurrency
A Cryptocurrency is sometimes called Virtual Money, Token, Digital Money or Digital Cash. They are like any Currencies in the World but they act a bit different from them . They are built online and are also stored online in a Digital Wallet . They are not backed by any middle men (banks). They’re backed by their respective networks and are created by Miners.
If you got any question Please comment below Thanks 🙂