Cryptocurrency

A cryptocurrency is a digital or virtual currency that practices cryptography for security.Cryptocurrency is a digital asset which is framed to effort as an intermediate of exchange.Since it uses cryptography techniques, it provides secure transactions, monitors the formation of supplemented units, and to authenticate the transfer of assets. The security features of cryptocurrency are much higher so that it is impossible to counterfeit. Moreover, it is not dependent on any central specialist, because it uses decentralised control techniques. This decentralized control works in the form of BLOCKCHAIN. The blockchain is a public transaction database which means as a scattered ledger.
The first decentralised cryptocurrency was BITCOIN which was hurled in 2009 by pseudonym Satoshi Nakamoto. Numerous cryptocurrencies are called as ALTCOIN (alternative coin). The discussion starts with the advantages of cryptocurrencies, it is very easy to transfer funds among two dissimilar parties in any business. Due to the concept of cryptography pandered in cryptocurrency, it uses two keys (PUBLIC and PRIVATE). All the transactions are done in affordable charges. While analysing the disadvantages of cryptocurrency, since it is independent of central repository, when computer bangs,cryptobalance is also wiped out. The backup copy will also not possible to exist.
Since cryptocurrency emerged, it also highlighted many techniques such as CRYPTOCOINCOINDESK, CRYPTOINSIDER, COINTELEGRAPH etc., There are numerous
cryptocurrencies available in the market such as SWIFTCOIN, LITECOIN, RIPPLE,TETHER etc., Let us consider any one of the active examples in cryptocurrency is RIPPLE,framed for peer to peer debt transfer.