cryptocurrency
/ˌkrɪptoʊˈkʌrənsi/A type of digital or virtual currency that uses cryptography for security and operates independently of a central bank.
Many investors are now considering cryptocurrencies as an alternative asset class.
People are increasingly viewing cryptocurrencies as a new type of investment.
Cryptocurrencies are decentralized and often use blockchain technology.
Collocations
Synonyms
Antonyms
Related Phrases
💡Pro Tip
Understanding Cryptocurrency
Cryptocurrencies are not physical money but exist only digitally and are secured by cryptographic techniques.
⚡Gold Rule
Security
Always use secure wallets and exchanges to protect your cryptocurrency investments.
📖Word Origin
From 'crypto-' (meaning hidden or secret) and 'currency' (a system of money). Coined in the early 2000s with the rise of Bitcoin.
📝Usage Notes
The term is commonly used in discussions about blockchain technology, decentralized finance (DeFi), and digital assets.