Cryptocurrency is a form of currency which has no physical form and doesn’t require a bank.
Cryptocurrency is not controlled by any single institution and its transactions are verified with the help of Blockchain technology.
Cryptocurrency provide an anonymous medium for transferring funds, which enables them to be used for criminal purposes such as money laundering, drug dealing, and terrorism financing. But banks can use the same technology to monitor the flows of money in order to prevent illegal transactions from happening.
Changpeng Zhao-Richest Crypto person in the world 2022
Cryptocurrency is a popular trend in the world right now. These digital currencies are used as a medium of exchange through the internet. They are decentralized which means they don’t have a central authority and they rely on cryptography to verify transactions.
The trend seems to be moving towards more coins with very specialized features. People are trying to find more coins that can do what the others can’t and it has led to an increase in cryptocurrency diversity even though there are still only a handful of currencies available commercially.
Blockchain is one of the newest technologies that has given rise to cryptocurrencies like Bitcoin, Ethereum, or Litecoin which is an online payment system where you can transfer money from one person or account to another without going through any financial institution like a bank or credit card company. This technology
