Cryptocurrency


Topic | v2 | updated by jjones |
Description

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership. It typically does not exist in physical form (like paper money) and is typically not issued by a central authority. Cryptocurrencies typically use decentralized control as opposed to centralized digital currency and central banking systems. When a cryptocurrency is minted or created prior to issuance or issued by a single issuer, it is generally considered centralized. When implemented with decentralized control, each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.


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a subtopic of Computer science

Computer science is the study of computation and information. Computer science deals with theory of c...


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is treated in Bitcoin and cryptocurrency website (Russian)

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is treated in Blockchain and Cryptocurrency Explained

The sudden rise in the value of Bitcoin and other cryptocurrencies, and its subsequent decline, focus...

is treated in FinTech Law and Policy

Being a successful FinTech firm requires more than just great technology; it also requires an underst...