Cryptocurrency

Cryptocurrency is class of digital assets in which encryption techniques are used to regulate the generation of units of currency and verify transactions. A defining feature of these assets is that they operate independently of a central authority. Cryptocurrencies were designed to address certain problems in the banking industry, and therefore seek to attain certain characteristics such as security, immutability, speed, low cost, fungibility, and global accessibility. They are able to achieve these characteristics by utilizing blockchain technology.