Cryptocurrency is a digital asset that uses the internet. It is a digital currency designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.
In 2009, the first cryptocurrency was created. Known as Bitcoin, It was a new way to transfer value directly to a recipient without fees.
Cryptocurrencies, also often referred to as coins, are secured through one-way cryptography, which is the enciphering and deciphering of computer messages in secret code. Most of them rely on blockchain technology—a public distributed ledger of every single transaction that is decentralized and unable to be changed under most circumstances.
Some of the most popular wallets for buying and selling cryptocurrencies are: