BANKING AFFAIRS

Detailed explanation-1: -A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and it’s protocol to verify the transfer of funds and control the creation of monetary units.

Detailed explanation-2: -Cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies have no legislated or intrinsic value; they are simply worth what people are willing to pay for them in the market.

Detailed explanation-3: -Digital currency is a form of currency that just exists in the digital form but on the other hand, cryptocurrency is also a digital currency but in the form of decentralized digital currency. It requires cryptography and no central authority to manage its balances and ledgers.

Detailed explanation-4: -Cryptocurrencies are a digital means of exchange which use cryptography as a means of security.

Detailed explanation-5: -Cryptocurrency is an exciting technology that offers users a secure way to transfer money without the need for intermediaries. This means that users can access financial services without financial institutions and at a fraction of the cost and time.