A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature.
 | | Cryptocurrency | | A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation. | | Breaking it Down: | | The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an... | | Read More » | | Related to "Cryptocurrency" | | | | Satoshi Nakamoto | | The name used by the unknown creator of the protocol used in the bitcoin cryptocurrency. Satoshi Nakamoto is closely-associated with blockchain technology. | | Read More » | | | Hash | | A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length. | | Read More » | | | Nonce | | Nonce is a number added to a hashed block, that, when rehashed, meets the difficulty level restrictions. | | Read More » | | | 51% Attack | | 51% attack refers to an attack on a blockchain by a group of miners controlling more than 50% of the network's mining hashrate, or computing power. | | Read More » | | |  | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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