The term “Cryptocurrency is derived from the encryption techniques used to secure the network. It is a completely virtual line of currency that runs on the system of cryptography. Cryptography also underlines the creation of units of different cryptocurrencies. This mode of exchange primarily runs on the blockchain technology –due to which Cryptocurrency get their title of decentralisation. It is a shared public ledger that contains all the transactions that have ever taken place within a network. Therefore, everyone on the network can see each transaction that takes place and also view otherbalances.