A cryptocurrency is a encrypted, and decentralized medium of exchange, form of currency that exists digitally or virtually and uses cryptography to secure transactions, based on blockchain technology

You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 19,000 different cryptocurrencies in circulation.

Cryptocurrencies don't have a central issuing or regulating authority that manages and maintains the value of a cryptocurrency, unlike the U.S. Dollar or the Euro or other fiat currency of the world, instead using a decentralized system to record transactions, issue new units and these tasks are broadly distributed among a cryptocurrency’s users via the internet.