What is [Cryptocurrency]?

We have seen cryptocurrency everywhere in recent times, it is even talked very nearly in major international news. Investors and big businesses in imitation of JP Morgan are investing millions into this supplementary asset class. So what is cryptocurrency? Cryptocurrency is digital child maintenance which functions in imitation of cash but is not issued by a central bank. It is a type of currency in which encryption is used to regulate the generation of units of currency. Why do we habit cryptocurrency? One of the main reasons for cryptocurrency is the fact that we are disturbing away from a banking system which is centralized. Centralized banking systems rely upon banks to thing currency, rule and regulate currency flow. These banks are in aim owned by supplementary banks or unnamed private investors and are not in point of fact independent. This means that banks are nimble to dictate the amount of currency issued, what amalgamation rates are set and to rule the flow o...