What are the Cryptocurrency and their uses?

Cryptocurrency - WikipediaCryptocurrency is a digital currency that goes on the system of cryptography. It works as a localized medium of exchange where cryptography is used to verify and facilitate each transaction. Cryptography also marks the production of unit of different cryptocurrencies.Cryptocurrency technology is known as the blockchain. 

 

It is a decentralized technology that spread across many companies that manage and record transactions for a currency. It is a shared public record that contains all the transactions that have ever taken place within a network.

 

How does the Cryptocurrency works?

 

The Cryptocurrency is decentralized that means the government does not publish it. It will be mostly used in online payment. Cryptocurrency can be buying and selling with the exchanges and stored in digital wallets. When a user needs to share a currency with another user, they send it to their user’s digital wallet. The transaction is not final until it has … Read More