Currently, we all have been listening to the word Cryptocurrency, but there are very few who knows exactly that what exactly Cryptocurrency is. Even though this digital currency has emerged just a few years back, but currently this currency is the World’s highest rated currency yet. Well, first of all, it is necessary to understand the term Cryptocurrency, and that is basically a digital currency which is formed by coding that cannot be cracked. And that is how Cryptocurrency transactions are known to be anonymous.

Cryptocurrency Introduction
And if you require further assistance about Cryptocurrency then feel free to visit, as here you are going to find every guideline related to this digital currency. The technique or strategy which is used in the formation of Cryptocurrency is known as Cryptography. In fact, this technique was being used by military right after World War 2 was ended, and this technique was used to send out confidential data that cannot be cracked.

And that is how the idea for anonymous currency was generated inside some genius minds. And due to this right now we are able to perform online transactions without any fear of getting hacked. If there are some benefits of something then, on the other hand, there are some people as well who try to make negative use of everything. And so online black markets were formed after Cryptocurrency came forward, and you can purchase anything from those markets, and remain anonymous as well.

Types of Cryptocurrencies
Furthermore Cryptocurrency is not just name of a single currency, but actually, it describes a whole network of digital currencies. Among those currencies, some prominent ones are Bitcoin, Litecoin, Ethereum, Dash, Zcash, Ripple, Augur, and Waves etc. And among all these currencies top one is Bitcoin which is currently 1 Bitcoin equals to 10,041 US Dollars.

And this Cryptocurrency has a really important place in Black market transactions. The process of creating new bitcoins is known as Bitcoin Mining, and account to keep your Bitcoins is known as Bitcoin Wallet. There are many Cryptocurrency miners right in the whole world, and many of them are even trying to introduce new cryptocurrencies in the market.

Author's Bio: 

Marina Pal is a renowned author and social media enthusiast.