IMPORTANCE OF CRYPTOCURRENCY Cryptocurrency is a digital or virtual currency which uses cryptographic functions to conduct financial transactions. Many cryptocurrencies are decentralized and based on blockchain technology Blockchain: Is simply a system that stores information or transaction in way that is impossible or difficulty to hack. IMPORTANCE OF CRYPTOCURRENCY 1. DECENTRALIZED : Most crytocurrencies are decentralized that's not controlled, this makes it difficult for government to manipulate it. 2. HACK PROOF : Blockchain technology used by crytocurrency makes it difficult or impossible to hack. 3. DURABILITY: Crytocurrencies paper money can last forever. 4. LOW TRANSACTIONAL FEE:Transferring money using other bank gateways can be quite expensive given the number of fees charged along the way. 5. PRIVACY :Privacy is another aspect that has made cryptocurrency desirable as users don’t have to share their identity to be able to complete transactions.