History of cryptocurrency:
In 1983, American cryptographer David Choum started working on the issue of money transfer in digital means of cryptographic method. Whose name is e-cash In 1995, he continued to implement the initial form of a cryptographic electronic payment through decischet. Afterwards, the software allows the sender to receive the specific encrypted keys input after the input. However, this money is not like a currency operated by a state (money, dollar, pound, dinar). Full unstable points. But Satshi Nakamoto (no person or group) successfully launches digital cash payments without central entity. Which is known as Bitcoin. 
Details:
Cryptocarbon is a kind of peer-to-peer system. The third party has no control over it. So who does anyone else know about who is exchange this digital coin? It can also be traded with identity without keeping the identity confidential. However, its encrypted laser controls all transactions from being risky. No country's government has the power to interfere with the value of cryptoconference. So, in many countries of the world, there is a restriction of the government on this digital currency.
Procedure: Because of the existence of cryptococcursis. Go to the recipient directly from the sender via the peer-to-peer system. Therefore, its exchange system is different.
Wallet online wallet. These are two types of online and offline. The sender may send money from this wallet. And the receiver can enter his wallet. Each wallet has a specific encrypted address.
Blockchain:
It is recorded in an encrypted laser or open account to send cryptorcans from one address to another address. Called blockchain. The information gathered here is possible from anywhere in the world.
My dear,
Meinig is called the legalization of each transaction recorded in the blockchain. Those who do this work are called minarers. There is no possibility of fraud. Identity is confidential on both sides.
Have a good day......