#BTCBackto100K Cryptocurrency is a digital payment system that does not rely on banks to verify and confirm transactions. It is a peer-to-peer system that allows anyone to send and receive payments from anywhere. Instead of physical cash being carried and exchanged in the real world, cryptocurrency payments exist solely as digital values in an online database that documents specific transactions.

When transferring cryptocurrency funds, transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.