Cryptocurrency is an Internet-based medium that uses cryptographic features to execute financial transactions. Cryptocurrencies use blockchain technology to achieve decentralization, transparency and immutability. Cryptocurrencies can be sent with private and public keys directly between two parties. These transfers can be made with minimal processing fees, allowing users to avoid the high fees charged by traditional financial institutions.
The first cryptocurrency ever created is Bitcoin.
Cryptocurrency mining uses a computer to solve cryptographic puzzles to create blocks. Minors are rewarded with cryptocurrency.
