What does cryptocurrency mean?
Cryptocurrency (often referred to simply as crypto) is an internet-based digital currency or digital asset designed to transact value as a decentralized medium of exchange from one person directly to another (peer to peer). Cryptocurrencies use strong cryptographic functions to ensure secure financial transactions between peers. Cryptocurrencies (like Bitcoin for example) utilize blockchain technology in order to enable decentralized and irreversible transactions between peers without requiring a bank.