Crypto currency( Virtual currency).

Crypto currency is like a real currency but it has no physical embodiment. Top crypto currencies include Bitcoin, litecoin, Ethereum, Polkadot , Cardano and many more.

After the barter system that means exchange of good according to people needs, gold coins and then money was invented. Each new currency was made to deal with flaws present in the previous system. With time the trend and fashion all across the world keeps changing now when internet has taken over people are becoming advance and modern. So a new currency that is a digital currency is making its place in this world. So many crypto currencies are have been made and new currencies are launched with every passing day. There are more than 1600 crypto currencies available around the globe.

characteristics and scope of crypto currency.

It works without centralized banks with no limits of funds transfer , no paper work and funds are transferred with in few minutes to receiver.
It assimilates the phenomenon of cryptography that is encryption and decryption that avoids the chances of hackers to dig in your information.
Using crypto currency the identity of use is kept anonymous that be a problem in future if government wants to regulate crypto currencies.
Anyways crypto currencies is getting accepted as time is passing and it is believed that in year 2030 many they will take place at least 25% of national currency.