A cryptocurrency is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency. Cryptocurrency made the leap in popularity in early 2010.
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. The name is derived from the fact that transactions are signed digitally with cryptography, making it extremely secure and very hard to forge. In cryptography, 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.
Cryptocurrency is a digital currency transferred between peers and confirmed in a public ledger via a process known as mining. Unlike fiat currency issued by central banks, cryptocurrency does not rely on government enforcement to make it valid. The decentralized nature of cryptocurrency allows its users to make secure purchases without third party clearing houses. A skilled programmer or team of programmers can create their own tokens on the cryptocurrency platform.