Cryptocurrencies are a Peer-to-Peer model of the fiat monetary system, which means they are traded, transferred and issued from one individual to another without third party interference or intermediary. Cryptocurrencies offer privacy, freedom, low fees and speedy monetary transactions likened to the speed of light.
Cryptocurrency transactions are recorded on a decentralized public digital ledger called Blockchain; which shows a public record of all cryptocurrrency transactions done on varying platforms with no central control by any government or individual.