A cryptocurrency (or crypto currency) is a digital asset
designed to work as a medium of exchange using cryptography to secure the
transactions and to control the creation of additional units of the currency.
Cryptocurrencies are a subset of alternative currencies, or specifically of
digital currencies. Cryptocurrency is a digital or virtual currency that uses
cryptography for security. A cryptocurrency is difficult to counterfeit because
of this security feature. A defining feature of a cryptocurrency, and arguably
its most endearing allure, is its organic nature; it is not issued by any
central authority, rendering it theoretically immune to government interference
or manipulation.
A cryptocurrency is an encrypted data string that denotes a
unit of currency. In most cases, a unit of cryptocurrency has no intrinsic
value in and of itself (though some have value based on the value of the
blockchain on which they are maintained). Rather, cryptocurrencies have value
according to what buyers are willing to pay for them. The market price
fluctuates depending on economic forces, such as supply and demand
A cryptocurrency is a digital or virtual currency designed
to work as a medium of exchange. It uses cryptography to secure and verify
transactions as well as to control the creation of new units of a particular
cryptocurrency. Ultimately, cryptocurrencies are limited entries in database
that no one can change unless specific conditions are fulfilled
A cryptocurrency is a form of digital currency that uses
cryptography to ensure the security and privacy of every transaction made.
Cryptocurrencies allow for peer-to-peer transactions, unlike traditional
banking. In addition, cryptocurrencies incur little to no fee for their
transactions, making them more efficient than other forms of exchange such as
credit cards, among many other benefits. The most well-known cryptocurrency is
Bitcoin, first created in 2009.
The word "cryptocurrency" is derived from the
encrypting of confidential information to mean something illegible.
Cryptocurrencies are so named because the consensus-keeping process is secured
by strong cryptography.