WHAT IS CRYPTOCURRENCY?

A Cryptocurrency is a *digital* currency that operates in a *decentralized* manner and uses *encryption* . In other words, no central bank or government regulates this currency (it is *decentralized!*). It is digital in that it is virtual, not like physical money. And it uses security features (encryption or *cryptography*) in order to avoid counterfeiters, secure transactions, and generate the units of currency (study.com).