What is Crypto-Currency?

crypto-currency – cryp·to·cur·ren·cy

[ˈkriptōˌkərənsē]

1. A digital asset designed to work as a medium of exchange that uses cryptography to secure transactions, to control the creation of additional units, and to verify the transfer of assets entirely independent of the banking system with no centralized system of authority.

2. A revolutionary digital currency exchange system relegated the business of a stored value item due to unrealistic valuations, unsustainable exchange rates, and unfunctionable transactional fees.

“I need to use a less volatile crypto-currency to buy my groceries, I used Bitcoin today and a dozen eggs cost me the equivalent of $50.00″

Last Updated On March 04, 2018
Translate »