Cryptocurrency

/ˈkrɪptəʊkɜːrənsi/

noun

Cryptocurrency is a type of digital or virtual money, that uses cryptography for security. It’s usually not controlled by any government.

Bitcoin was the first cryptocurrency, created back in 2009.

Technical

Definition 1 of 2

Pro Tip 1/3

Cryptocurrencies use advanced encryption, making them secure and hard to hack.

The security of cryptocurrency makes it a potent alternative to traditional banking.

Pro Tip 2/3

Unlike regular money, cryptocurrency operates independently of a central authority like a bank.

Decentralization in cryptocurrency means no single entity controls it.

Pro Tip 3/3

Cryptocurrency is seen as cutting-edge; its technology may be complex for beginners.

Cryptocurrency represents financial technology innovation.

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