What is Cryptocurrency?
A cryptocurrency is a type of digital asset that functions as a medium of exchange. It is a substitute for money and operates as a virtual currency. As such, it has no physical existence. Instead, it is held and stored electronically (online). Cryptocurrencies are secured by cryptography. Cryptography refers to the process of converting legible information into codes. It was predominantly used during the Second World War. Hence, you can rest for sure that it has a high level of security.