How does Cryptocurrency work.
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You must have been hearing words like cryptocurrency, Bitcoin, blockchain, digital money and etc a lot lately. 🐝
Do not let the most hyped up terms stay alien to you.
Cryptocurrency is virtual money. 💵
To explain it better it is a digital form of currency that exists only on the virtual world.📲
It is a digital asset and presently the most popular and successful one. The first cryptocurrency began with the launch of Bitcoin in 2009 and ever since we have seen a massive wave in the field of cryptocurrency.
Cryptocurrency operates without any governance or centralization. It is a decentralized network which enables everyone to share and transfer cryptocurrency funds instantly. So you buy cryptocurrency through different exchanges and mediums. Then these can be traded and further used to buy things. As of now most people use cryptocurrency as a medium of investment. This digital asset has greater value than that of gold or any other piece of jewellery. 💎