A crypto-currency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information through a process made possible by certain principles of cryptography. Cryptography is used to secure the transactions and to control the creation of new coins. The first crypto-currency to be created was Bitcoin in 2008-09. Today there are hundreds of other crypto-currencies, often referred to as Altcoins.
A crypto-currency is difficult to counterfeit because of this security feature. A defining feature of a crypto-currency, and arguably its most endearing allure, is its organic nature, it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
HOW DOES CRYPTO-CURRENCY WORK?
