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cryptocurrency

cryptocurrency

  1. a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.”decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation”

Origin

Another definition

A cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. … Bitcoin, Ether, Litecoin, and Monero are popular cryptocurrencies.

What is cryptocurrency simple words?

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.

The Most Common Types of Cryptocurrency


Bitcoin. Bitcoin is a type of digital currency; it is “cash for the internet.” More specifically, it’s considered cryptocurrency since cryptography facilitates Bitcoin creation and transactions. …
Bitcoin Cash. …
Litecoin. …
Ethereum. …
Ripple. …
Stellar. …
NEO. …
Cardano.


Which is the best app for cryptocurrency?


Top 5 cryptocurrency exchange apps in India for online trading of Bitcoin, Ethereum, and more
WazirX.
Unocoin.
CoinDCX.
Zebpay.
CoinSwitch Kuber.

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