A cryptocurrency is a digital or virtual form of money that is secured by cryptography, a system that is spread across a lot of computers and is nearly impossible to copy or forge.
Blockchain technology, an extraordinarily efficient method of capturing knowledge, is used to run it on decentralised networks, making it difficult or impossible to manipulate the system or defraud consumers.
Due to industrialization and technological advancement, digital currencies are increasingly competing with traditional ones. One such currency is bitcoin. Many individuals are familiar with this often used lingo.