Cryptocurrency Definition

- A cryptocurrency is a means of exchange that cryptography uses to secure transactions and control the creation of new units.

- A form of currency based solely on mathematics. Instead of the fiduciary currency, which is printed, a cryptocurrency is produced by solving mathematical problems based on cryptography.
- A digital currency produced by a public network instead of any government, which uses cryptography to ensure that payments are sent and received securely.

- A digital currency that uses encryption techniques to regulate the generation of currency units and verify the transfer of funds, and that operates independently from a central bank.