What is cryptocurrency Oxford dictionary?

Oxford Dictionaries Online (ODO) has officially added the word ‘cryptocurrency’ to its database. … The ODO defines cryptocurrency as: “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.”

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What does going crypto mean?

Cryptocurrencies are digital assets people use as investments and for online purchases . You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain kind of cryptocurrency. Craft a harder-working money plan with a trusted financial pro.

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What is crypto in simple words?

Cryptocurrency, sometimes called crypto-currency or crypto, is any form of currency that exists digitally or virtually and uses cryptography to secure transactions . Cryptocurrencies don’t have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units.

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