Business, Legal & Accounting Glossary
A purely digital form of money. The first cryptocurrency that began trading online was Bitcoin in 2009. The main difference between cryptocurrency and physical currency is that only a fixed amount of cryptocurrency is produced by the entire system as a whole. No one person or the government has the authority to create more cryptocurrency and the rate at which it is produced is bounded by a set value and the information is publically available. There are almost 15 different types of crytocurrency, with Bitcoin being the most popular.
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This glossary post was last updated: 11th August, 2022 | 0 Views.