What is crypto currency
What is crypto currency Crypto currency is a digital or virtual currency that uses cryptography for security and works independently of the central bank. Crypto currencies use a decentralized system run by a network of computers to verify transactions and control the supply of currency. The most well-known crypto currency is Bitcoin , but there are thousands of other crypto currencies in circulation, including Ethereum , Litecoin, Ripple, and many more. Advantages of Crypto currencies: Decentralized : Crypto currencies operate independently from central banks, which means they are not regulated by governments or financial institutions. This allows for greater confidentiality, security and autonomy in financial transactions. Fast and Efficient: Crypto currency transactions are processed quickly and efficiently, without intermediaries such as banks or other financial institutions. This reduces transaction times and costs, especially for international transactions