The Biggest Problem With Crypto Currency, And How You Can Fix It Introduction to Crypto Currency Cryptocurrencies are digital currencies that are produced, preserved, and protected by robust cryptography. Because of this, it's very hard to hack or alter its transactions. A cryptocurrency is usually immune to censorship since it is not governed by a single entity, unlike other types of digital assets, such as the gold that is sold on exchanges, money used in online games, or exclusive virtual assets like loyalty points that are handled by the corporation. The old paradigm of currency, which was governed by central banks like the US Federal Reserve and created and issued by government monetary authority, is reversed by this. What is the working mechanism behind cryptocurrency? The distributed public ledger, or blockchain, on which cryptocurrencies are based is a record of every transaction that is updated and owned by currency holders. Mining is the process of creating crypto...