You may have heard of cryptocurrency but what exactly is it.
This introduction post about cryptocurrency explain best and important things about cryptocurrency.Today cryptocurrency have become known globally to most people, while some still don't understand it. Only few people are aware of its importance and have a limited knowledge about cryptocurrency.They fail to understand the basic concept they need to know or understand how cryptocurrency works.
Cryptocurrency refers to digital money, they only exist online.
1)No fundamental backing of cryptocurrency .
Unlike currency in our wallet, the cryptocurrency am talking about are not being backup by the Central Bank or the government.
2)Decentralization.
There is no central place where any information is stored, therefore there's no major data where cybercriminal can attack or attempt to hack and gain access to.
3)cryptocurrency banned in some country.
From my deep research, cryptocurrency are not accepted everywhere in the world because of it decentralised nature. Some country placed a ban on payment made in cryptocurrency ,trading in cryptocurrency ,buying and selling of goods and services isn't allowed with also. Example;Boliva,Nepal,Morroco,Ecuador E. t. C