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Cryptocurrencies are a form of digital money. They use cryptography to make secure transactions, control the creation of additional units, and verify the transfer of funds. Even if one cryptocurrency fails, others will continue to exist. Cryptocurrency users are decentralized worldwide, so they're impossible to silence or control. Many people like cryptocurrencies because they offer an opportunity to participate in open source projects with large communities that aren't controlled by corporations or governments.
Cryptocurrency is a digital currency that has no physical forms, such as coins and banknotes, nor does it exist in a physical environment. Instead, it is purely based on mathematics. As such, it is immune to control by governments or central banks. Cryptocurrency has become known to most as either Bitcoin or Ethereum. However, there are many other cryptocurrencies available like Litecoin and Monero .
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