If there is one crypto currency everyone should know about then that one is bitcoin . So without any further ado, let’s discuss it. What is Cryptocurrency ? Cryptocurrency is a digital asset. The name cryptocurrency comes from the basic fact that all of its transactions are highly encrypted, safe and make the exchange highly secure. Cryptocurrency is not like the other currencies, it is fully decentralised in nature which means the government or central bank has no control over it. Cryptocurrency is equated with precious metals like gold and silver and is finite in nature. How Does Bitcoin Work? Bitcoins are stored in digital wallets on a smartphone or computer. To understand more deeply how cryptocurrency works, we need to dive into these terms first. Blockchain — blockchain has the capacity to store information in the digital format. Blockchains are well known for their essential role in cryptocurrency systems such as bitcoin. It helps in maintaining a secured reco...
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