Cryptocurrency is the most common word used in the decentralized transaction platform

What is cryptocurrency?

Cryptocurrencies are the digital currency used for buying & selling in the decentralized platform wherein the currency ownership records are stored with strong cryptography for security purposes.

The records are in a digital ledger termed blockchain, a list of records referred to as blocks that are secured & linked using cryptography.

The crypto payments are made by using cryptocurrency rather than physical currencies, and the user pays in crypto or a digital wallet