What is cryptocurrency: 21st-century unicorn – or the money of the future?

in #crypto7 years ago (edited)

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Cryptocurrency

A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

Today cryptocurrencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance not only for now but also to the future.

But beyond the information and the press releases a majority of people have a very limited knowledge about cryptocurrencies.