1. A cryptocurrency is a digital currency created and stored electronically in blockchains.

2. It uses encryption techniques to control creation of monetary units and to verify the transfer of funds. Hence it is very secure.

3. It has no physical form but now because of BOOM in the sector it is redeemable in another commodity like gold.

4. Its supply is not determined by any central bank or authority and the network is completely decentralised.

5. Bitcoin, Ripple, Litecoin and Ethereum are examples of cryptocurrencies.

6. And the most important thing is cryptocurrency is the best way to invade taxation.