Riddhi Gala (Xth STD, Abhinav Vidyalay) What Is Crypto-currency ? A cryptocurrency is a digital or virtual currency that is protected by encryption (plain text converted into unreadable text), making fraud and double-spending almost impossible. Many cryptocurrencies use blockchain technology to create distributed networks. This means that all your money is in different places and no one can trace it. Terrorists and criminals benefit from the possibility to keep crypto-currency without revealing their actual identities. People can also misuse it to store illegal money. Cryptocurrencies are online payment systems that are based on virtual "tokens" that are represented by records on the system's internal database. Various encryption methods that are converting a particular piece of information in a secret code to hide the meaning of information and cryptographic approaches public-private key pairs (it is for receiving crypto-currencies which are linked to a private key ), an
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