Cryptocurrency is a digital currency which works as an exchange system for secure financial transactions in the digital marketplace. One of the greatest benefits of cryptocurrencies is that it uses decentralized control as oppose to the central banking system. The public financial transactions work through a distributed ledger, also known as a blockchain. All of this allows for the owner of the cryptocurrency to have full control of their assets.
Since the inception of cryptocurrency in 2009 with the pioneer being Bitcoin, it has taken the financial world by storm. It has afforded many benefits to people around the globe, especially those in countries whose fiat currencies are hyperinflated. With this currency, you can smoothly go around bad economic policies made by your government.
Cryptocurrencies have changed the business world by adding yet another asset that individuals and organizations can invest in. Although only 3% of people currently trade with digital money, the number of investors is growing steadily all over the globe.