John Doe
Today we will know that what is cryptocurrency and how does it work.
Cryptocurrency is digital payment system secured by cryptography which makes crypto transactions secured.
When it comes on creating new coins or units so new units are created through mining process which uses computer hardware and power to solve a mathematical problem .
As crypto transaction uses cryptography to keep its online transactions secured without using third-party intermediaries .
Hot Wallet: Hot wallet is a online wallet which uses online software to protect your private keys which belong to your assets. These types of wallets do not charge fee.
Cold Wallet: Cold wallet is a a offline wallet which uses a hardware or physical device like USB stick. These are far safer than Hot wallets. These types of wallets charge fee.