Cryptocurrency is digital currency which use cryptography. Now the question is what is cryptography? Cryptography is a method by which data can be encrypted, sorted and transmitted.
In a centralized systems, the government and bank controlled the currency. By contrast, government and bank can not controlled the supply of cryptocurrency. Because it is produced by a specific protocol which is build on decentralized network. A single person or organization can not controlled this network.
Cryptocurrency can be send via a decentralized and secure network to anyone anytime beyond banking hours and business day and permission. You don't need to worry about hacking or fraud.
On of the most popular and top cryptocurrency is Bitcoin. Bitcoin is first decentralized cryptocurrency invented by a group or person names Satochi Nakamoto in 2008. Now Bitcoin is widely used and accepted cryptocurrency worldwide. Bitcoin gain acceptance because:
Today Bitcoin is widely accepted currency worldwide. Many restaurants, coffee shop and retailers are accepting Bitcoin as payment.
Still cryptocurrency is in early stage. Thousands of developers and programmers are working on developing new services and applications. In near future, we will be able to use cryptocurrency as a payment in every sector.
