How does Cryptocurrency work

The cryptocurrency has a peer-to-peer connection because of the Blockchain concept. In each block, a detail is stored and recorded for future purposes. This Cryptocurrency working procedure can be noted as step by step process, which is explained in the below. Step1: Transaction - Whenever a person planned to buy or sell anything, the transaction obviously happens there. And it becomes a must when their financial exchange plans to take place. Transaction Process - It is actually held with help by a public key and private key. By the private key, the coins are sent and received, where the public key is like act as a message. This public key can be seen by anyone but can’t be used. It can only be used by respective persons, who have authority over the respective private keys. Step2: Mining - After choosing the amount and selecting a sent option, then this mining process takes place. This mining is an important step and it is timing are given high preference while the cr...