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CRYPTOCURRUNECY 




You also need to know some special things about crypto,,,,,

 A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized databased using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentrailized control as opposed to a central bank digital currency (CBDC) When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain that serves as a public financial transaction database.

Formal definition

A cryptocurrency is a system that meets six conditions
  1. The system does not require a central authority; its state is maintained through distributed consensus.
  2. The system keeps an overview of cryptocurrency units and their ownership.
  3. The system defines whether new cryptocurrency units can be created. If new cryptocurrency units can be created, the system defines the circumstances of their origin and how to determine the ownership of these new units.
  4. Ownership of cryptocurrency units can be proved exclusively cryptographically.
  5. Cryptocurrency system allows transactions to be performed in which ownership of the cryptographic units is changed. A transaction statement can only be issued by an entity proving the current ownership of these units.
  6. If two different instructions for changing the ownership of the same cryptographic units are entered the system with our platforms at most 1 month.


 Crypto is a non-currency currency, you can make huge profit by using it and you can take profit in many ways like trading, you can take profit on stock market like can you

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