A cryptocurrency is a digital coin, designed to be transferred between people in virtual transactions.
Cryptocurrencies exist only as data and not as physical objects; you cannot actually hold a Bitcoin in your hand or keep Ethereum in your safe. Owning a Bitcoin means you have the collective agreement of each computer on the Bitcoin network that it is currently owned by you and – more importantly – that it was legitimately created by a miner.
There is a big opportunity to trade a wide range of top-ranked digital coins 24/7. Due to the massive popularity of cryptocurrencies over the past couple of years, they have become a conventional and popular asset.
The main purpose of this new technology is to allow people to buy, trade and invest without having to rely on banks or any other financial institutions.