What Is Cryptocurrency: 21st-Century Unicorn – Or The Money Of The Future?

What Is Cryptocurrency:  21st-Century Unicorn – Or The Money Of The Future?

  1. cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake.
  2. The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference.
  3. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions.

This introduction explains the most important thing about cryptocurrencies. After you‘ve read it, you‘ll know more about it than most other humans.