Blockchain and Cryptocurrency Glossary For Beginners

What is cryptocurrency

Cryptocurrency, simply put is a digital currency that uses encryption technology to secure transactions, control creation, and verify transfers. It is decentralized in the sense that it has not been issued by any government of any country, thus theoretically making it safe from inflation. It is also immediate and enables you to send money anywhere in the world.

However being digital currency it has a lot of terms associated with it that people are finding difficult to understand. Here we have a glossary to help you understand the concepts a little better.

Asked on September 15, 2018 in Cryptocurrency.
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