What is crypto currency?
Imagine a digital token that can be transmitted instantly to any spot on the globe 24/7. Besides, it is impossible to tear or lose the coin accidentally as it frequently happens to conventional money. A virtual currency is issued and transactions are processed entirely via the Internet
This is all about a cryptocurrency that is digital or virtual money. The principal difference from the conventional (or fiat) money is that cryptocurrencies represent decentralized networks, so they exist outside the control of governments and central banks. This feature appeals to those who want their savings to be immune to interference by authorities. Another feature appreciated by crypto fans is anonymity. A cryptocurrency holder is able to make a large number of transactions without disclosing his/her name, address or any personal information.
