Definition
A digital or virtual form of currency secured by cryptography and operating on decentralized blockchain networks. Unlike government-issued money, most cryptocurrencies are not controlled by any central authority.
Why It Matters
Cryptocurrency represents a new form of money and financial infrastructure. Understanding it is essential to participate in digital finance, protect your wealth, and evaluate investment opportunities.
Example
Bitcoin, Ethereum, and Litecoin are cryptocurrencies — digital assets that can be sent globally, stored in wallets, and traded on exchanges without a bank.
Related Terms
Bitcoin
Blockchain
Wallet
Altcoin