Cryptocurrency is any form of digital currency that exists or is virtualized as a cipher to secure transactions. There is no way to issue or regulate British formats, and since then they have used a central system to record transactions and issue new units. Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. It is a peer-to-peer system that allows anyone, anywhere to send and receive payments. Instead of carrying and exchanging money in the real world, cryptocurrency payments exist in the form of digital entries into an electronic database describing specific transactions. When money is transferred in cryptocurrency, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets. Cryptocurrency gets its name because it uses cryptography to verify transactions. This means that there is a sophisticated coding system involved in storing and transmitting cryptocurrency data between wallets and public ledgers. The goal of encryption is to provide security and safety. The first cryptocurrency was Bitcoin, which was founded in 2009 and remains the most popular today. Much of the interest in cryptocurrencies involves trading for profit, with speculators sometimes pushing prices up.