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Showing posts from June, 2017

What is Crypto-Currency?

Introduction of Crypto-Currency? Before describing Crypto-Currency, it is important to brief about the available currency in the world.  Today, we have number of currencies like Euro, USD, Yen, Dinar, Rupee, Taka, Dirham, Peso, Real and Ruble etc. There is more then 200+ currencies available in the world. Crypto-currency is a medium of exchange like normal currencies such as USD A cryptocurrency (or crypto currency) is a  digital asset  designed to work as a  medium of exchange  using  cryptography  to secure the transactions and to control the creation of additional units of the currency. [1]  Crypto-currencies are a subset of  alternative currencies , or specifically of  digital currencies . Bitcoin  became the first decentralized Crypto-Currency in 2009. Since then, numerous Crypto-Currencies have been created. These are frequently called  Altcoins , as a  blend  of  Bit-coins   alternative. Bit coin and its derivatives use decentralized control