Cryptocurrencies work through…

[raaman]

Cryptocurrencies work through blockchain technology that serves as an immutable database of financial transactions. Through wallets or purses, it stores the cryptographic keys in the devices. They allow having electronic money to transfer value from one device to another.

The original approach of these electronic currencies is that they were issued on a public blockchain, which everyone can access, and that they were free of traditional and virtual currencies.

It acts as a decentralized currency and, in addition, that they had a certain advantage compared to traditional money, which is anonymity. However, cryptocurrencies are not regulated by any central bank or government.

 

[CharlyChampagne]

Well,all i can say is that cryptocurrency has really left behind the centralized banking system, making it easy to trade and make some transactions online with ease like p2p.it's quite difficult for the Government to have control on everything happening with Cryptocurrency and it's here to stay until whenever the government meet with the on going civilization and upgrade