WHAT IS CRYPTO CURRENCY simple to understand

in cryptocurrency •  6 years ago 

WHAT IS CRYPTO CURRENCY
Crypto Currencies are Digital payment system which is digital in nature or inform of token assets we also called internet money which is block chain based peer to peer paymentsystem mostly decentralized

The underlying technical system upon which decentralized Cryptocurrencies are based was created by the group or individual known as Satoshi nakamoto designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units and to verify the transfer of Assets Cryptocurrencies are a type of digital currencies Alternative and virtual currencies.

Bitcoin is first Crypto currency created in 2009 was the first Decentralized Cryptocurrency Since then over 1,800 Cryptocurrencies have been created. So this is my small personal Simple opinion on Crypto currencies Easily to understood for every one.
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