what is cryptocurrency in layman's terms

Last Updated on December 6, 2022 by Paganoto

The Basics about Cryptocurrency | CTS – SUNY Oswego

A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet.

Cryptocurrency Definition – Investopedia

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

Cryptocurrency – Simple English Wikipedia, the free …

Cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same ways as cryptography (the science of …

What is cryptocurrency in simple words? What is bitcoin …

In simple terms, cryptocurrency is a type of digital or virtual money. It serves as ordinary money, such as dollars, pounds, euros, yen, etc.

How Cryptos Work, Explained In Layman'S Terms – CNBCTV18

In simple terms, crypto mining means acquiring cryptocurrencies by solving cryptographic equations through the use of computers.

What is cryptocurrency and how does it work? – Kaspersky

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure …

Cryptocurrency – Definition – Trend Micro

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, …

Cryptocurrencies Explained, in Plain English | The Motley Fool

Simply put, cryptocurrencies are electronic peer-to-peer currencies. They don’t physically exist. You can’t pick up a bitcoin and hold it in …

Cryptocurrency: What It Is and How It Works – NerdWallet

Individual units of cryptocurrencies can be referred to as coins or tokens, depending on how they are used. Some are intended to be units of exchange for goods …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.