Koushik Paul

  A  cryptocurrency ,  crypto-currency , or  crypto  is a  digital currency  designed to work as a  medium of exchange  through a  computer network  that is not reliant on any central authority, such as a  government  or  bank , to uphold or maintain it. Individual coin ownership records are stored in a digital  ledger , which is a computerized  database  using  strong cryptography  to secure  transaction  records, control the creation of additional coins, and verify the transfer of coin ownership. Despite the term that has come to describe many of the  fungible  blockchain tokens that have been created, cryptocurrencies are not considered to be  currencies  in the traditional sense, and varying legal treatments have been applied to them in various jurisdicitons, including classification as  commodities ,  securities , and currencies, cryptocurrencies are generally viewed as a distinct asset class in practice. Some crypto schemes use validators to maintain the cryptocurrency. In a  pro