Cryptocurrency is a digital currency created and stored using Blockchain technology. Some of such currencies that have been part of news are Bitcoin, Ethereum, digicoin, litecoin etc. Some such currencies have been legalised in various countries where some of them have even gone as far as to make them legal tenders. e.g. Marshall Islands (SOV) and Venezuela (petro).
Usually, Cryptocurrency (coins) can be obtained through 3 methods:
- Digital Mining using special software and high speed computer.
- Exchanging coins in return from miners using legal tender currencies.
- Selling services/goods in return of coins.