cryptocurrency

Language: en

📖 Definitions

  1. noun
    A digital or virtual currency that uses cryptography for security and operates on a decentralized network, typically a blockchain, independent of a central bank or authority.; Any of various digital tokens or coins used as a medium of exchange, store of value, or unit of account within a specific blockchain ecosystem.

🔗 Details

Word forms

countable Plural: cryptocurrencies

Collocations

cryptocurrency exchangecryptocurrency marketcryptocurrency walletinvest in cryptocurrencycryptocurrency tradingcryptocurrency mining

Derivatives

crypto

Synonyms

digital currencyvirtual currencycryptodigital asset

Antonyms

fiat currency

Commonly confused

cryptography
EN: 'Cryptography' is the science of secure communication and encryption; 'cryptocurrency' is a digital currency that uses cryptographic techniques.
crypto
EN: 'Crypto' is an informal abbreviation of 'cryptocurrency' but can also refer to cryptography in technical contexts.

Spelling tips

EN: Remember the double 'r' in the '-currency' portion, and that the plural changes 'y' to 'ies': 'cryptocurrencies'.

💬 Examples

  1. Bitcoin was the first widely adopted cryptocurrency, launched in 2009.

  2. Many investors diversify their portfolios by holding multiple cryptocurrencies.