cryptocurrency

Decentralized virtual currency

Cryptocurrency is digital money that uses cryptography for security and operates on decentralized networks rather than through banks or governments.

Bitcoin, launched in 2009, was the first; thousands now exist, including Ethereum and Dogecoin.

Transactions are recorded on a blockchain—a distributed ledger maintained across many computers.

She invested heavily in cryptocurrency.

Critics note extreme price volatility and energy consumption; proponents see freedom from institutional control.

tokens

Bitcoin

Peer-to-peer electronic cash

  • EthereumProgrammable blockchain network
  • altcoinAlternative digital currency
  • tokenRepresentative placeholder

Ripple · Litecoin · Dogecoin · stablecoin · NFT · Solana · Cardano · shitcoin · airdrop · whitepaper

trading

exchange

Mutual giving and receiving

speculation · bullish · bearish · volatility · fluctuation · swing · crash · surge · dip · correction

blockchain

ledger

Financial record book

  • blockSolid mass, or impede
  • chainLinked segments forming length
  • miningExtracting earth's resources

node · validator · fork · consensus · proof-of-work · proof-of-stake · hashrate · distributed · peer-to-peer · immutable

decentralized

trustless

Verified without relying on others

DeFi · non-custodial · open-source · unbanked · borderless · disintermediation · staking

transaction

transfer

Move between locations

  • paymentFulfilling a financial obligation
  • feePayment for service
  • gasFormless, expanding substance

confirmation · address · signature · nonce · escrow · irreversible · pseudonymous

versus-fiat

scarcity

Insufficiency of something needed

remittance · cross-border · unbanked

regulation

SEC

Stock market regulator

  • complianceAdhering to requirements
  • AMLIllicit finance prevention framework
  • taxMandatory public revenue charge

ban · adoption · classification · securities · enforcement · FTX

security

encryption

Converting data into code

rug-pull · scam · hack · exploit · theft · audit

Categories
Opposites
currency issuance and control

cryptocurrencyfiat currency

State-issued unbacked tender

fiat money · legal tender · national currency · bank deposits · paper money

tangibility and physical form

cryptocurrencycash

Ready spending funds

hard currency · coins · paper money · banknotes · specie

monetary tradition and innovation

cryptocurrencyold money

Long-established family fortune

barter

Phrases
Family

cryptocurrencies

Familiarity
Top 200,000
Profile
Used worldwide · Abstract · Rated G