Tuesday, October 9, 2018

What Is Digital Currency "Cryptocurrency"

Cryptocurrency is also known as digital currency which uses cryptography and blockchain for its medium of exchange by which it gets more strong and secure for its financial transaction. So let us understand what is it.
So, Here you will also able to know

  • What is Cryptocurrency
  • What is Digital Currency
  • Cryptocurrency in Blockchain
what is cryptocurrency
what is cryptocurrency


Cryptocurrency  is same as other alternatives currencies but the only diffrence is it is not as other physical currency which are made up of papers or metals. it's just made up of some bunch of computer encrypted digits which is well known as cryptography hash
Some what it looks like this:-


The hash is an example of a SHA256 hash

As any other typical currency cryptocurrency does't have a  central banking system but
it have Blockchain which manage and record all the transection which takes place.

The most popular cryptocurrency or digital currency is Bitcoin which was first released on 2009 as an open source software and it is consider as the first cryptocurrency in the world till date there are now more than 4000

Some of them are given below:-







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