cryptocurrency

cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. 

A cryptocurrency is a tradable digital asset or digital form of money, built on blockchain technology that only exists online. Cryptocurrencies use encryption to authenticate and protect transactions, hence their name. There are currently over a thousand different cryptocurrencies in the world.

However, bitcoin first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrency have been created.

WHAT IS CRYPTOCURRENCY?

Cryptocurrency is a digital currency that is created and managed through the use of advanced encryption techniques known as cryptography.

THE FUTURE OF CRYPTOCURRENCY

Some economic analysts predict a big change in crypto is forthcoming as institutional money enters the market.3 Moreover, there is the possibility that crypto will be floated on the Nasdaq, which would further add credibility to blockchain and its uses as an alternative to conventional currencies.

CONCLUSION

The emergence of Bitcoin has sparked a debate about its future and that of other cryptocurrencies. Despite Bitcoin’s recent issues, its success since its 2009 launch has inspired the creation of alternative cryptocurrencies such as Ethereum, LItecoin, and Ripple.