Cryptocurrency is often referred to as any kind of digital money which has been governed by Blockchain technology. After the appearance of bitcoins in the year 2009, cryptocurrencies are created. Cryptocurrency is the best globally known phenomenon but it is geeky and not able to understand by most of the people, banks, governments as well as many companies. While comparing with bitcoins, this cryptocurrency has more advantages and disadvantages. There are many cryptocurrency news involved in this session. The Blockchain technology is based on the principles of cryptography and hence it is named as cryptocurrencies. The peer-to-peer network for file sharing decision gives birth to the cryptocurrency. It seems to be bit technical and complex but if you get it once, then you may able to know more about this cryptocurrencies. You will buy a product in online & you may pay through the digital transaction and that is easy. But it is difficult to know about the transaction process and there will also be a chance for a double transaction. Technology Behind Cryptocurrency: This will be monitored by a central server which keeps on recording those transactions. But in a decentralized network, there will be no server provided so every entity has to do this job. This cryptocurrency is a part of this solution and they made the solution thrilling as well as fascinating. This cryptocurrency also has a peer-to-peer network which records the complete history of every transaction. The transaction will be known by the whole network but only after a specific time, the transaction will be confirmed. Only minors are able to confirm the transactions. Once they get the request for a transaction they spread it in the network to add the database in every node. Cryptocurrencies are digital gold which provides fast as well as comfortable means of payment.