Share this entry

Share this page

cryptocurrency

Line breaks: crypto|cur¦rency
Pronunciation: /ˈkrɪptəʊˌkʌr(ə)nsi
 
/

Definition of cryptocurrency in English:

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
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.

Origin

early 21st century: from crypto- + currency.

Definition of cryptocurrency in:

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words