CRYPTOCURRENCY

What Does CRYPTOCURRENCY Mean?

CRYPTOCURRENCY means "Digital or Virtual Currency."

A CRYPTOCURRENCY is a "Digital or Virtual Currency" designed to work as a medium of exchange in place of official currencies. Cryptocurrencies use cryptography to secure transactions, control the creation of additional units, and to verify the transfer of assets. They are organic in nature (i.e., they are not issued by any central authority), therefore cryptocurrencies are theoretically immune to manipulation by governments and banking authorities.

Bitcoin, launched in 2009, was the first CRYPTOCURRENCY to gain widespread publicity. Since then, thousands of other cryptocurrencies have been created, including: Ether, Litecoin, Monero, Namecoin and Ripple. These Bitcoin alternatives are collectively referred to as "altcoins".

Summary of Key Points

"Digital or Virtual Currency" is the most common definition for CRYPTOCURRENCY on Snapchat, WhatsApp, Facebook, Twitter, Instagram, and TikTok.
CRYPTOCURRENCY
Definition:Digital or Virtual Currency
Type:Slang Word (Jargon)
Guessability:
2: Quite easy to guess
Typical Users:
Adults and Teenagers

Example of CRYPTOCURRENCY Used in a Text

CRYPTOCURRENCY

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See Also

Glossary of Cryptocurrency Terms Currency Symbols BLOCKCHAIN (public online ledger (cryptocurrency term)) BTFD (buy the f*cking dip (cryptocurrency term)) ETH (ether (cryptocurrency)) HODL (hold on for dear life (cryptocurrency term)) ICO (initial coin offering (cryptocurrency term)) PULL THE RUG (withdraw support or funding) REKT (financially ruined (cryptocurrency term)) SATOSHI (smallest unit of bitcoin (cryptocurrency term)) SHRINKFLATION (reducing product quantity or quality, while maintaining price)