5 Facts Everyone Should Know About Cryptocurrency

5 Facts Everyone Should Know About Cryptocurrency

• A Cryptocurrency is your virtual digital asset specially designed to secure financial transactions using strong Cryptography with strong encoding techniques.

• Though There are many Cryptocurrencies around the globe Bitcoin (BTC) is used widely, all transactions' data and information are stored using Blockchain technology that helps existence of Cryptocurrency.

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• Facebook started its own Cryptocurrency named Libra with digital wallet Calibra that could challenge Bitcoin.

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• Coinbase and Kraken are famous platforms used mostly for purchasing and selling Bitcoins that convert them to cash and can be withdrawn to Bank Account.

• The Reserve Bank of India (RBI) has banned sales and purchases of Cryptocurrency in 2018.

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