Crypto Currencies

A cryptocurrency is a digital or virtual currency that is protected by encryption, making counterfeiting and double-spending almost impossible. Many cryptocurrencies are built on blockchain technology, which is a distributed ledger enforced by a global network of computers. Cryptocurrencies are distinguished by the fact that they are not issued by any central authority, making them potentially resistant to government intervention or manipulation.

Cryptocurrencies have grown in popularity to the point that their entire worth has surpassed that of the world’s most valuable business, Apple, and they now have over 200 million users. It’s simply too huge for the financial elite to ignore at this scale.

The name cryptocurrency comes from the fact that it utilizes encryption to authenticate transactions. This implies that storing and transferring bitcoin data between wallets and public ledgers requires sophisticated code. Encryption’s goal is to ensure security and safety.