What is a 'Crypto-currency'
Crypto currency, is a digital, virtual currency that makes use of cryptography, for the purpose of security. A cryptocurrency is difficult to counterfeit because of this security feature.A defining feature of a cryptocurrency, is arguably the most endearing allure, and organic, in nature.
It is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
The world of finance is a rapidly changing market. From stocks, securities, bonds, commodities to precious metals, and all of which dominate the topics of the financial world.
A couple new topics have emerged into the financial market, called cryptocurrency and block chain technology. The question is in the world of crytpocurrency, how do you fit in?
In regards to defining cryptocurrency, I could discuss all of its aspects but the main point here is; cryptocurrency is not fiat but rather cryptocurrency known as a digital medium of exchange that functions similar to traditional money, but has no physical equivalent and is only in digital form.
The first major cryptocurrency, which was the grassroot of it all, was "Bitcoin" In 2009 as open source. And since then, a lot of other alternative cryptocurrencies have become available, thanks to the huge popularity that "Bitcoin" has generated, in the years past.
Cryptocurrencies, are in fact, a form of digital currency that uses the principles of cryptography to implement a decentralized and secure economy where you can mine and trade them.
BENEFITS OF CRYPTOCURRENCY
