The primary purpose of cryptocurrency is to overcome the issues with the fiat currencies by decentralizing the finances and putting the power solely in the hands of the currency holders. By doing that the powers that are held by the governments and the financial institutions will be nulled that can solve problems like inflation and agency charges. All of the cryptocurrencies adhere to the 5 properties and 3 functions of money. They each also attempt to solve one or more real-world problems. Cryptocurrencies like Ethereum, Wink, WYZth etc. clearly have the potential to be majorly used in the near future. It can also replace the traditional currencies in the long run.