Also known as “crypto,” a cryptocurrency is a digital currency that’s used to purchase goods and services. Crypto is also increasingly commonly used in investing and trading. It’s similar to standard currency but uses an online ledger coupled with strong cryptography to provide security in online transactions. This cryptography makes it nearly impossible to counterfeit and solves the double-spending problem. The decentralized nature of cryptocurrency structure means it can exist outside the control of governments or central banks.
Cryptocurrency
Market Terms
We don't know everything about the markets. We're just devoted to learning. Taken from those smarter than ourselves, here's how we define Cryptocurrency.