What is cryptocurrency?
Cryptocurrency is a digital currency that is encrypted and decentralized. Cryptocurrency is transferred between peers and confirmed in a public ledger via a process.
Cryptocurrency coin validity is provided by blockchain. Using blockchain native token or subtoken you can do any dealing like buying, selling, investing, trading, or other monetary aspects.
Cryptocurrency transaction uses a decentralized network. In this, you don’t have any server. So you need every single entity on the network to do this job.
When a transaction occurs, it is unconfirmed and only after a specific amount of time it gets confirmed. It is pending or can be forged. Transaction is only confirmed by miners. When a transaction is confirmed, it is set in stone.
Cryptocurrencies are limited entries in a database that nobody can change without fulfilling specific conditions.
Popular cryptocurrencies are the original Bitcoin, Ethereum’s Ether, Ripple, and Litecoin.