Cryptocurrency is just a digital money. Crypto means encrypted and currency means money. Cryptocurrency is own by no one. No one has the power to control the value of that particular currency.
One Cryptocurrency which we all know is Bitcoin. Satoshi Nakamoto a computer scientist claims that he has invented Bitcoin in 2009 in the month of January. Bitcoin is introduced to buy, sell, exchange the currency without any interference of any bank that would work freely without any cost. Later it became popular.
There is not only one Cryptocurrency. Some more Cryptocurrencies - Ethereum, Cardano, XRP, Litecoin, Bitcoin cash, Dogecoin, Binance coin, Tether, Stellar, EOS, Montero, TRON, IOTA, Bitcoin gold, NEM, etc.
Bitcoin works on Blockchain technology. Like it's name the data is stored in 'blocks' and the blocks are linked with a chain. Blockchain is very secure technology. Blockchain is very complicated. Blockchain is revolutionary technology. It reduces the chance of fraud. Be are not going to learn about Blockchain more.
In Bitcoin if a transection is done it is updated to all the blocks. As we talked earlier it reduce the chance of frauds. So it is very safe technology. Bitcoin is mainly made of secure purchase But now it is also used for investing. Like I have bought Bitcoin worth ₹ 1000 and later my Bitcoin value is increased to ₹ 3000, then I will sell it and I get profit of ₹ 2000. But it is not always increases, sometimes it also decreases. It is not always profitable. Many companies allow their costomers to purchase something with Bitcoin.
