The definition of cryptocurrency is a type ofdigitalor virtual currency that usescryptographyfor security and anti-counterfeiting measures. Cryptocurrencycoins and tokensare transferred between individuals usingwalletsthat havepublicandprivatekeys that facilitate transactions. Transactions are verified and recorded ...
let alone smaller cryptocurrency tokens; most transactions first convert a cryptocurrency to a stable fiat currency like dollars or euros. It is much more common for enthusiasts to purchase tokens as a speculative investment, hoping that the token's value increases so that they may sell it later...
Currently, the most common way of acquiring cryptocurrency is via a cryptoexchange. At a cryptoexchange, users buy a given cryptocurrency either with a fiat currency, such as the US dollar, or with another cryptocurrency. For example, a user could buy Dogecoin with Bitcoin and vice versa. C...
Cryptocurrency was developed as an alternative to the dollar, and its functions can make it an attractive investment. Blockchain, the underlying technology that powers crypto, is seen as a tech disruptor. Much like dot-com investing in the 1990s, crypto may hold promise, but there will likely...
Cryptocurrency – meaning and definition Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions. Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized ...
Cyber crime describes criminal activities using a computer, network, or other set of digital devices. Learn about cyber crime, its definition, examples, and more.
Cryptocurrency Definition Cryptocurrency is a digital asset that uses cryptography and encryption to secure and verify all of its transactions. It is decentralized in nature, meaning individuals control it instead of a financial institution like a bank. Defining Cryptocurrency Inside Cryptocurrency Cryptocurr...
Margaret is an award-winning writer and educator known for her ability to explain complex technical topics to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles in the New York...
Cryptocurrency is rapidly becoming a legitimate type of financial asset, one that's increasingly hard to ignore. Popular publications like the Financial Times and the Wall Street Journal cover the crypto market extensively. Public figures such as Warren Buffet and Elon Musk hold strong views on the...
Cryptocurrency difficulty is a measure of how difficult it is to mine a block in a blockchain for a particular cryptocurrency.