What is cryptocurrency?

Cryptocurrency is a digital or virtual currency that uses cryptography for security.

Bitcoin is the first decentralized cryptocurrency launched in 2009 by Satoshi Nakamoto .Following a number of competing cryptocurrencies such as litecoin,Namecoin and PPcoin.

Here are the currencies of cryptocurrency markets
http://coinmarketcap.com
cryptocurrencies is easy to transfer. These tranfer are facilitated through the use of public and private keys for security purpose.Fund transfer has a minimum process fee and its more cheaper than to transfer to bank or financial institution for wire transfer.

However, crypto currencies are virtual.It can be wiped out by computer crash if a back of the holding does not exist.

And since prices based on supply and demand , the rate at which cryptocurrency can be exchanged for another currency can fluctuate widely.

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Resources and research:
htttp://google.com

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