what is cryptocurrency simple definition

Last Updated on September 23, 2023 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.

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 – 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, …

What is cryptocurrency and how does it work? – Kaspersky

Cryptocurrency is a digital currency using cryptography to secure transactions. Learn about buying cryptocurrency and cryptocurrency scams to look out for.

Cryptocurrency – Simple English Wikipedia, the free …

Formal definition

What Is Cryptocurrency? – Forbes Advisor

A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central …

Cryptocurrency: What It Is and How It Works – NerdWallet

A cryptocurrency (or “crypto”) is a digital asset that can circulate without the need for a central monetary authority such as a government or bank. Instead, …

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. But it has no …

What is cryptocurrency? A beginner's guide to digital currency

Cryptocurrency — also known as crypto — is a digital currency designed to work as a medium of exchange. It uses cryptography to secure and verify …

Paganoto

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