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What is Cryptocurrency? | Bitcoin | Ethereum | Ripple | Bitcoin Cash | Litecoin

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What is Cryptocurrency?

  • Cryptocurrency or a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of amount. 
  • Cryptocurrency operates independently of a central bank.
  • Cryptocurrency transactions are anonymous.So it also used to an illegal transaction like drug trafficking, weapon purchase, etc. despite that anonymity is the main strength of this technology like it transferred the authority from central bank to individual.
  • Cryptocurrency transactions are untraceable.

Cryptocurrencies List:

  • Bitcoin
  • Ethereum
  • Ripple
  • Bitcoin Cash
  • Litecoin
  • Cardano
  • TRON
  • NEO
Source: www.whatiswhateverything.com
 
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