#MoneyMatters What is Cryptocurrency, Explained: Crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. Cryptocurrency does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to a central bank digital currency (CBDC). When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally 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. Bitcoin, first released as open-source software in 2009, is the first decentralized cryptocurrency. Since the release of bitcoin, many other cryptocurrencies have been created. #MoneyMatters with Mohit Gang, Founder, Moneyfront – What is Cryptocurrency, explained.Also Read - Ranji Trophy: Do The Records Stand For Anything?

Disclaimer: Views expressed in this video are personal and not the firm’s view. This video is just for educational purpose. Also Read - Assam Floods: 5 More Dead Taking Toll To 126, Over 22 Lakh People Still Affected

Also Read - JugJugg Jeeyo: Actress Kiara Advani Makes A Surprise Visit To A Theatre, Her Humbleness Will Win Your Hearts - Watch Video