A cryptocurrency is a virtual or digital currency that applies cryptography for safety purposes. A crypto currency is quite challenging to counterfeit because of the security feature. Many of the crypto currencies are distributed systems built on Blockchain technology, which is a scattered accounting book applied by a dissimilar system of computers.


A cryptogram is a form of puzzle that contains a small part of encrypted text. Usually the code used to encrypt the text is quite simple so that the cryptogram can be resolved manually. Often the cryptogram is used for exchange codes where each letter is exchanged for a different number or letter. 


Cryptography is the study (as well as the practice) of methods for secure communication in the presence of malicious third parties. Generally, cryptography is centered around creating and investigating procedures that prevent the public from reading confidential messages. A number of data security features such as data privacy, data truthfulness, verification, and even non-refutation are essential for contemporary cryptography.


Cryptocurrencies require large amounts of computer power to be created, or “mined”. Some legitimate companies specialize in mass cryptomining through dedicated mining farms.

Cyber criminals and fraudsters, however, like to deploy cryptomining viruses or bots on unsuspecting users’ computers, or even organizations’ servers. This allows them to mine at scale, without spending extra money on equipment or resources like electricity.