Definition of crypto currency’s(Introduction)

-WHAT IS A CRYPTO CURRENCY??🤔

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A ‘CRYPTO CURRENCY’ is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

It’s also a form of payment that can circulate without the need for a central monetary authority such as a government or bank. Instead cryptocurrencies are created using cryptographic techniques that enables people to buy,sell or trade them securely.

-BASIC DEFINITION OF CRYPTOCURRENCY

*Cryptocurrencies are encrypted data strings:They stay secure by relying on modern asymmetric encryption methods and the secure nature of transactions on a blockchain.

*It is monitored and organized by a peer-to-peer network called a blockchain,which also serves as a secure ledger of transactions. .e.g., Bitcoin,Ether,Litecoin and Monero are popular cryptocurrency