What do you mean by cryptocurrency?

Business & Management
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#1

Individual coin ownership records are stored in a ledger that exists in the form of a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. Crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger that exists in the form of a computerized database using strong cryptography to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership.

#2

Cryptocurrencies or virtual currencies are electronic means of exchange, which are designed and utilised by people or groups.

Cryptocurrency developers produce such protocols on higher mathematics and computer engineering systems, which makes them almost impossible to crack, which protects coins from coping or faking. Such protocols can conceal the personality of users, make deals and funds hard to attach to particular people or groups.