Understanding cryptocurrency and its uses 

Cryptocurrency is a very interesting and intriguing topic that has become a global phenomenon. It is different from all the currencies that are found all over the world. Right from the working of cryptocurrency, to who owns or controls it, its benefits and limitations, its use and much more, are all based on new ideas and processes. Let's now see a brief overview of the various features of cryptocurrency.

The main features of cryptocurrency are as follows:

  • It is a digital asset used as a medium of exchange
  • It secures transactions and controls supply by using cryptography
  • It is a subset of alternative currencies
  • In 2008, the first decentralized cryptocurrency was conceptualized
  • Cryptocurrency is digital moneywhile the underlying technology that enables the moving of digital coins or assets between individuals is called blockchain 

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