Cryptocurrencies have become a popular investment vehicle and a way to make money in the stock market. Despite its recent popularity, cryptocurrency is still in its infancy. Although it has been around for several decades, it is only just beginning to gain widespread acceptance.
Cryptocurrency is a digital currency that uses cryptography as a method of exchange and security. Cryptocurrency is decentralized, which means that no single entity controls it. This makes cryptocurrencies more resistant to government control. For this reason, many consider them valuable beyond their use as an alternative to fiat currency.
Cryptocurrencies are decentralized because there is no central authority or trusted third party to issue new currencies into circulation. The system uses a public ledger known as the blockchain, where all transactions made in cryptocurrencies are recorded in chronological order and are publicly available for all to see.