When the word ‘cryptocurrency’ is being mentioned, in the crypto ecosystem most people automatically process it in their head as ‘Bitcoin’. Bitcoin is a cryptocurrency no doubt, however, it is just one out of over 4000 cryptocurrencies in the world today.

Cryptocurrency is a digital asset designed to work as a medium of exchange or a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than a centralized authority.