Before we get into the details of “Cryptocurrency Mining Malware”, we need to understand first what cryptocurrency is and what miners are.
What is Cryptocurrency?
Cryptocurrency is best thought of as digital currency and it only exists on computers. It is transferred between peers (there is no middleman like a bank). Transactions are then recorded on a digital public ledger called the “blockchain”.
Transaction data and the ledger are encrypted using cryptography (which is why it is called “crypto” “currency”).