A crypto-currency, is a binary data working as a medium of exchange within individual coin ownership records stored in a ledger existing in a block chain to secure transaction records, to control the creation of more coins, and to verify the transfer of coin ownership.



Cryptocurrency does not exist in physical form or issued by a central authority. Cryptocurrencies uses a decentralized control unlike a central bank fiat money controlled and issued only by the CB. When a cryptocurrency is minted or created before issuance or issued by a single issuer, it is 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. Which makes it decentralized

[img][/img]
Read more on https://trendsdynamics..com/2021/08/five-best-cryto-currencies-in-market.html?m=1