What is Cryptocurrency in 2023?

First of all, where's the word crypto comes from?

The word crypto comes from the ancient Greek κρυπτος Kryptos, meaning 'hidden' or 'secret'.

What is cryptocurrency in simple words?

Cryptocurrency is a digital currency that uses cryptography for security.  

Now, What is cryptography?

Cryptography is the practice and study of techniques for secure communication in the presence of third parties 

Cryptocurrencies use cryptographic algorithms such as public key encryption which produces pairs of keys: one public key is published while the other is kept private. 

Cryptocurrencies are a type of digital currency that relies on cryptography for chaining together digital signatures of asset transfers, peer-to-peer networking, and decentralization.  

At Last.....


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