A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency.
Cryptocurrency is increasing its wings day by day and it is flying on the sky freely.
There are number of Cryptocurrency are using in today’s world
- Bitcoin
- Ethereum
- Bitcoin Cash
- Ripple
- IOTA
- NEM
- Litecoin
- Dash
- NEO
- Ethereum Classic
The strong reasons of becoming popularity of cryptocurrency are
- This digital currency cannot be counterfeited as it works on distributed management system so changes of any fraud is negligible.
- Cryptocurrency uses push mechanism in-place of normal pull mechanism that ensures to withdraw only exact currency so it eliminates the error chances.
- The transaction executes directly between sender and receiver. It eliminates the involvement of any third party hence the result is to save time and currency.
- The account holder is the owner of his currency.
