Whats Is Cryptocurrency? Know Everything About The Indian Crypto Market

More or less everyone now has an idea about Bitcoin, thanks to social media. However, not everybody is familiar with the term cryptocurrency! So, whats is cryptocurrency exactly? To put it in simple words, cryptocurrency mean is a form of payment that can be used for online purchases. However, unlike any other currency such as Rupee and Dollar, crypto must be exchanged for a physical currency. Similar to casino chips.

There are over 10,000 different cryptocurrencies in the crypto market right now, according to CoinMarketCap.com. These online currencies use a technology called the blockchain. It is a decentralized technology that uses an insane amount of computers to manage and record crypto transactions. The reason why cryptos became so famous is the security level of this blockchain technology. Trading in cryptocurrency means you’re in the safest place on the internet.

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