What is Cryptocurrency in Simple Words
What is Cryptocurrency ? Cryptocurrency is a digital or virtual currency that can be used online in exchange for goods and services. In other words you can use cryptocurrencies like other currencies to buy or sell things, unlike other currencies it is not physical but digital or virtual. In simple words "Cryptocurrency is a new form of digital money ". Cryptocurrency uses cryptography to provide secure online transactions, that's why it is called cryptocurrency. Cryptography is a technology that keeps information safe and hidden from the attackers. Cryptocurrency uses blockchain technology which is decentralized, secure and spread across many computers, that manage and record the transactions of cryptocurrencies. Blockchain is a decentralized and distributed databases system. it is a new way to share data and make transactions more secure, transparent and cheaper than before. So now you know what is cryptocurrency , it is