Cryptocurrency

The definition of a cryptocurrency could be a digital currency engineered with cryptographic protocols that make transactions secure and tough to fake. the most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralised nature of blockchain makes cryptocurrency theoretically resistant to the old ways that of government control and interference. 

Cryptocurrencies create it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy functions. These transfers can be done with nominal processing fees, permitting users to avoid the steep fees charged by traditional financial institutions.

However, the most recent news on cryptocurrencies indicates that as a result of cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance is exhausted by a computer crash, a hack, and different unexpected events.