What is CryptoCoin/CryptoCurrency?

This is the most common question people ask when they hard about CryptoCoin is what is it?. This is normal because you didn't hear about it before.CryptoCoin is a software based online payment system.Also you can call it virtual money but you can convert it into real money.There are 100+ real crypto currency online.Bitcoin(BTC) is the most valuable among those.According to market price of 21/09/2014 > 1 Bitcoin(BTC) = $410 USD.Bitcoin introduced as a open source software in 2009.Its value was $0.001 USD per BTC at that time.On 29 November 2013 it jumps to $1124.76 USD per BTC.So crypto currency is like share market.There price ups and down everyday.2nd most popular CryptoCoin is Dogecoin(DOGE).Its value no way near Bitcoin.Now $1 USD = around 3500 DOGE.But it is popular for many reason.Top 10 CryptoCoin on 21/09/2014 are given below...

1.BitCoin(BTC)

2.DogeCoin(DOGE)
3.LiteCoin(LTC)
4.Ripple(XRP)
5.NameCoin(NMC)
6.BitSharesX(BTSX)
7.DarkCoin(DRK)
8.Monero(XMR)
9.Stellar(STR)
10.ReddCoin(RDD)