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What is Cryptocurrency?

- A cryptocurrency is a digital or virtual currency designed to work as a medium of exchange.

- It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.

- Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.

About Tyro?

- TyroCoin is a digital currency that is not supported by any institutions.

- TyroCoin is also called crypto-currency or digital currency and is basically a way to pay without the involvement of a third-party broker.

- When using TyroCoins the transactions take place directly between users, so it is a peer to peer system.

- Afterwards the transactions are being verified by network nodes and recorded in a public distributed ledger called the blockchain.

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How Cryptocurrency Work