Cryptocurrency

Cryptocurrency is a digital or virtual form of currency that uses cryptography to secure transactions and to control the creation of new units. Cryptocurrency operates independently of a central bank and is decentralized, meaning they are not backed by any government or financial institution or banks. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 and since then thousands of other cryptocurrencies have been created. Transactions with cryptocurrencies are recorded on a public ledger, known as a blockchain, which provides a secure and transparent way of conducting financial transactions.