There is no doubt that paper money has great value, but rising value of digital currencies or cryptocurrencies has created lot of opportunities for consumers, organizations and government. Cryptocurrency is a digital money with high-level security and it can be transferred to anywhere easily. Cryptocurrency is secure, easy to transfer, cost-effective and time-saving. These features of cryptocurrency has added great value to currency. In addition to these features, it uses highly advanced and secure technology named blockchain technology. Blockchain technology is an incorruptible digital ledger of economic transactions which can be programmed to record all kinds of the transaction, not just financial transactions.
In the cryptocurrency market, Bitcoin is the first cryptocurrency which is market leader with 47.6% market dominance.
Example of cryptocurrency include Bitcoin, Ripple, Monero