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 as bitcoin gains ground, more companies have started accepting the cryptocurrency
More example sentences
- Even with recent fluctuations, the total value of the cryptocurrency is still over eight billion USD.
- As with all cryptocurrencies, price is based on supply and demand.
- If cryptocurrencies are like other speculative activities, the early players and the big players benefit to the detriment of the late entrants and the small players.
Definition of cryptocurrency in:
- The British & World English dictionary