Cryptocurrency is a digital currency that is not physical, it is a medium of exchange. cryptocurrency uses blockchain technology to record transaction in system. the most important aspect of this technology is that can be viewed publicly but cant be changed or control by single entity it is not controlled by single entity it is blockchain technology making cryptocurrency secure for online transaction are nearly impossible to counterfiet.
Cryptocurrency transactions are completely private it provide transparency cryptocurrency are decentralization and not controlled by any government or any person it is have potential of quickly gain high risk high return.
Positive
Transparency decentralization potential of fast gain
negative
Highly risky regulator restriction high price volatility
cryptocurrency a digital or virtual currencies underpinned by cryptographic system. They enable secure online payments without use of third party intermediate.
Types of Cryptocurrency
There are many types of cryptocurrencies available, but there is some famous names are Bitcoin ,ethereum, Ripple. Bitcoin which was made available to public in 2019 is the most widely traded cryptocurrency and some of new cryptocurrencies which you can called Meme coin like Doge coin,Shibu coin.
You won’t believe how potential cryptocurrencies have, if you invested 10000 rupees in dogecoin in 2020 it will become 1 crore in 2021. it will become 1000 time more profitable.