Cryptocurrency is a digital form of currency that uses strong encryption to secure transactions and prevent the counterfeiting of money. It is decentralized, meaning it is not controlled by any single bank or government. Transactions are verified by a distributed network of computers and recorded in an online ledger called a blockchain. Bitcoin was the first major cryptocurrency, but now hundreds of different currencies are available, including Ethereum, Litecoin, Monero, and more.

« Back to Glossary Index
The Securities Lawyer