cryptocurrency
/ˈkrɪptəʊˌkʌr(ə)nsi
/noun (plural cryptocurrencies)
A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank: decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation...
- States will undoubtedly resist the spread of cryptocurrencies.
- Bitcoin was the first widely used cryptocurrency, but few people know it is not the only one.
- What does your cryptocurrency allow people to do that they could not do otherwise, and how does it help them do existing tasks more quickly or cheaply?
Origin
Early 21st century: from crypto- + currency.