It is a type of digital asset, for which cryptography is used. It is generally used to buy goods and services. It originated with bitcoin. It acts as a "peer to peer electronic" cash system. It can be used with the help of internet. With its help, money can be kept hidden very easily. There is no need to go to any bank or other government institution for its use. Therefore, with the help of cryptocurrencies, your money can be easily kept hidden.
Cryptocurrency is a type of digital payment, in which the payment method is done completely in electronic form. These currencies, called cyber cash, are discussed all over the world. Cryptocurrencies can also be called virtual currency or digital currency.
The notes and coins that are in circulation for transactions in any country are called currency. Currency is either of paper or of some metal. Like rupee notes and coins run in India. Recently, there is talk of virtual currency. Bitcoin, Namecoin, Litecoin, Libra and PPCoin, among many others. Such virtual currency is called cryptocurrency.
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