What is Cryptocurrency?

Cryptocurrency is a Virtual/Digital currency. cryptography is used for security, transactions verification.

Author - CoinFinanceMoney (Tushar Mistari) Image Source - Google Image Credit - Canva

Cryptocurrency is not operate by any central bank or government as it is decentralized system. Anyone can buy Cryptocurrency.

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In 2009, the first cryptocurrency, bitcoin was created by unknown person or group of people using Satoshi Nakamoto name.

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Cryptocurrencies can be stored in digital wallets, which can be accessed through any mobile device or computer.

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Cryptocurrency transactions are recorded on public ledger called as a blockchain, Users present on network maintain it.

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Various cryptocurrency exchange are available to buy and sell cryptocurrency, crypto exchange platform operated similar to stock exchange

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Cryptocurrency is also accept by some online store as a payment method, now few merchants also accept crypto currency in there store

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Specific process is to mine cryptocurrency such as bitcoin, that need to solve complex mathematical equations using computer hardware.

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Though cryptocurrency offers many benefits, but it's value is volatile and it fluctuates as per market

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Many cryptocurrency is available in the market like Bitcoin, Ethereum, Litecoin, Dogecoin and so on

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