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Digital Currency

What you should know about Cryptocurrencies

What you should know about CryptocurrenciesWhile many have heard of Cryptocurrency, it’s still shrouded in much mystery and misunderstanding. In simple words, cryptocurrency is a decentralised virtual currency that is based on cryptographic software. It relies on public and private keys to make the transfers. These transactions are usually anonymous and untraceable. Similar to cryptography that keeps data secure, cryptocurrency is a form of highly secure digital cash. Not to mention that it is hard to counterfeit. Although the cryptocurrency market has no real coins, the so called digital coins are sold through exchange centres. The value of these coins fluctuates too.   Here are a few things you need to know about cryptocurrencies: They are widely used and accepted – and can be used...



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