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How does a Cryptocurrency work?

Cryptocurrency is an encrypted decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining. … First, let’s review the basics and essentials of cryptocurrency, and then we will do an overview of the other properties that have made cryptocurrency what it is today.

What is the meaning of bit coin?

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
Bitcoin BTC
Ethereum ETH
Ripple XRP
Litecoin LTC
Ethereum Classic ETC
NEM XEM
Dash DASH
IOTA MIOTA
BitShares BTS
Stratis STRAT
Monero XMR
Zcash ZEC