A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.[1][2][3] Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.[4]
The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.[5]
Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.[6] Since the release of bitcoin, over 6,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.
( Source : https://en.wikipedia.org/wiki/Cryptocurrency )
Etymology[edit]
Noun[edit]
cryptocurrency (countable and uncountable, plural cryptocurrencies)
- A digital currency based on a cryptographic system.
- Bitcoin was the first decentralized cryptocurrency.
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