Why are Cryptocurrencies important You may be wondering why cryptocurrency is the new trend and why everyone is talking about it. I was wondering too so I did I little research on it. First what is a cryptocurrency? A digital money that uses encryption technique (cryptography) to regulate the generation of unit of currency and verify transactions and transfer of funds. Cryptocurrency are just like any other currency like US dollars, British pounds, Nigerian naira, Thailand bath etc. but the only difference is that cryptocurrency are decentralized this means it is not controlled by any central government or bank, it’s a peer to peer currency this means middlemen like banks are not needed when making any transaction and also cryptocurrencies are encrypted in codes and numbers used over the internet and can also be exchanged for fiat currencies. Before the invention of cryptocurrency, it was impossible for two parties to make transactions without inviting a third party. This was b...