cryptocurrency

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cryptocurrency:

see virtual currencyvirtual currency,
a means of payment that is electronically created and stored, more specifically an unregulated electronic medium of exchange that operates like a currency but is created and controlled by computer software; also called digital currency.
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cryptocurrency

(CRYPTOgraphic CURRENCY) A digital currency that resides in a decentralized public ledger known as the "blockchain." Cryptocurrencies are not maintained or governed by any bank, financial institution or nation. They are a global entity, and in 2009, Bitcoin was the first. Since then, hundreds of others have been introduced with names such as Litecoin, Namecoin, Peercoin, Mastercoin, BlackCoin and Dodgecoin. See Bitcoin and blockchain.

What's Cryptic About It?
The transaction of sending money from one party to another is encrypted via public key cryptography. Thus, the identity of the sender is kept secret much like paying for merchandise with cash in the physical world. See public key cryptography.

Based on Demand
Except for Sharia-conforming OneGram, which is backed by physical gold, the value of a coin of cryptocurrency is based on the market like a share of stock, and its value fluctuates wildly. For example, once worth a few cents, a single Bitcoin has jumped to thousands of dollars. Cryptocurrency traders hope to make fortunes with this phenomenon, which has gathered immense steam in the 2010s.
References in periodicals archive ?
That began to change as crypto currency prices skyrocketed.
specialises in the development of blockchain technology application, crypto currency mining, and crypto currency trading.
That is probably why it is easier to think of crypto currency as an asset class or a commodity rather than as a currency.
Regulators around the world can't decide just yet if crypto currency is indeed a financial security like stocks that need to be regulated.
The crypto currency can be used to carry out transactions.
I think the first thing to note is that the crypto currency bitcoin is in a huge speculative bubble right now, which means it is very volatile.
For the past three days, the value of the crypto currency bitcoin has risen by more than 20 percent to several points from a record USD 10,000 per unit, Reuters reported.
The US market is more" tied up "in bitcoin: the funds are actively investing in start-ups that work with this crypto currency.
They can send money to a merchant or an individual who accepts payment only in this crypto currency quickly.
ARAB NEWS In the new era of technology and online investment solution, a reliable, secure and stable crypto currency is required to use in the regular day-to-day payment solutions and business settlements across the globe.
Bit Coin Global FZE, a leading company in crypto market investment solutions, has announced the soft launch of the crypto currency (payment solutions) Money Trade Coin on July 29 at the Country Club Hotel Dubai, UAE.
The company said this appointment comes due to the severity and uniqueness of the upcoming acquisitions using the crypto currency dibcoin, crypto currency that will be used as a monetary instrument to acquire assets for Sunshine Capital, Inc.