cryptocurrency
cryptocurrency
A digital or virtual currency secured by cryptography, operating on decentralized networks based on blockchain technology.
Example
"He diversified his portfolio by allocating 5% to cryptocurrency."
💡 Memory Tip
CRYPTO means hidden or secret. Cryptocurrency uses secret codes (cryptography) to secure transactions.
Etymology
From Greek 'kryptos' meaning 'hidden' and currency — hidden/encrypted currency.
Common Misspellings
cyrptocurrencycrypocurrencycryptocurencycriptocurrency