Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit. Here are some good reasons behind it.When cryptocurrency is created, all confirmed transactions are stored in a public ledger. With security like this, blockchain technology is poised to impact nearly every segment of our lives.Blockchain is the reason why cryptocurrency has any value. These individuals are clued-in for the cryptocurrency market.There is no other electronic cash system in which your account is owned by you.Bitcoin was the first decentralized cryptocurrency introduced in 2009. As a result, citizens worried about losing their savings, switched to cryptocurrency to preserve their funds resulting in a trading volume spike of cryptocurrency.

Source: Economic Times October 23, 2017 10:41 UTC