is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. No one can access your funds unless they gain access to your crypto wallet's private key. In case you forget or lose your key then you cannot recover your funds. The Bit Life is highly centralized in several key areas, including mining, nodes, exchanges, and development.
ICO is the cryptocurrency industry’s equivalent to an initial public offering and is launched to raise funds.