Cryptocurrencies are digital systems that allows secure payments of online transactions that are denominated in terms of a virtual "token," representing ledger entries internal to the individual system. Otherwise refers to "Crypto", cryptocurrencies refers to the fact that various encryption algorithms and cryptographic techniques, such as elliptical curve encryption, public-private key pairs, and hashing functions, are in use.
The first Block chain announced cryptocorency was Bitcoin which remains the most valuable crypto till date. There are several other cryptocurrencies
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