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Cryptocurrency is a digital or virtual payment system that is protected by cryptography, making it virtually impossible to counterfeit or forge. Anyone, from anywhere, can use digital wallets or exchanges dealing in crypto to send or receive money through a peer-to-peer (P2P) ecosystem. Cryptocurrencies exist on a blockchain, which is a digital public ledger that stores electronic records that are shared and replicated across many locations and maintained on a decentralized network that keeps all cryptocurrency transactions updated. Basics concepts behind crypto (i) Crypto is a digital currency that was established utilizing encryption methods as an alternate form of payment. The adoption of encryption technology implies that cryptocurrency can act as both a currency and a virtual accounting system. It is also believed that crypto was introduced as a substitute for fiat money. Cryptocurrency, unlike fiat money, is not recognized as legal tender by the majority of the worl...