What is Cryptocurrency?

Cryptocurrency is any form of decentralised currency that is digital or virtual, that is secured by cryptography and is based on blockchain technology. 

Due to a decentralised structure, cryptocurrencies are free of any regulated central intermediary such as governments or banks, allowing for cheaper and faster transfers of currency.

They are intangible, meaning you don’t actually own a physical currency, but rather a key that allows the user to move a record or unit of measure peer-to-peer without the need of these central intermediaries. 

Types of cryptocurrencies include actual currency itself, smart contracts, utility tokens and governance tokens.

Cryptocurrencies run on a distributed public ledger called blockchain, which keeps track of all transactions updated and held by all of the currency holders. 

Cryptocurrency can be created from cryptocurrency mining, a process which uses computational power to solve complex mathematical problems. They can also be exchanged peer-to-peer and off exchanges as well.