1 definition by Anomalice
A digital medium of exchange. It uses cryptography for security, making it difficult to counterfeit. The idea of cryptocurrency comes from popular online games wherein you trade something for something, and emerges into new unit of cyber-currencies between public (miners) that mimic the value of precious metals. The first of its kind is bitcoin.
Peer-to-peer transactions can be done through cryptocurrency.
by Anomalice March 10, 2014