What is Cryptocurrency, Everything You Need To Know
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anonymous.
What is a 'Cryptocurrency
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A
cryptocurrency is difficult to counterfeit because of this security feature.
A defining feature of a cryptocurrency
and arguably its most endearing allure, is its organic nature; it is not issued by any central
authority, rendering it theoretically immune to government interference or manipulation.
It is a currency associated with the internet that uses cryptography, the process of converting legible information into an almost uncrackable code, to track purchases and transfers.
Cryptography was born out of the need for secure communication in the Second World War. It has evolved in the digital era with elements of mathematical theory and computer science to become a way to secure communications, information and money online.
The first cryptocurrency was bitcoin, which was created in 2009 and is still the best known. There has been a proliferation of cryptocurrencies in the past decade and there are now more than 1000 available on the internet. Bitcoin is now worth more than $15,000 as of December 2017, soaring to record levels as interest Boom....
