What is Cryptocurrency?

Cryptocurrency is a type of digital currency that uses cryptography for security and anti-counterfeiting measures. Public and private keys are often used to transfer cryptocurrency between individuals.

As a counter-culture movement that is often connected to cypherpunks, cryptocurrency is essentially a fiat currency. This means users must reach a consensus about cryptocurrency’s value and use it as an exchange medium. However, because it is not tied to a particular country, its value is not controlled by a central bank. With bitcoin, the leading functioning example of cryptocurrency, value is determined by market supply and demand, meaning that it behaves much like precious metals, like silver and gold.

Related posts:

Accordium Founders from left: Daniel Richardson, Barrington Russell, Andrew Whittaker, Alexander Brix. At Accordium, we’re all about digitising your document-based workflows and making sure you’re…

For the last 111 days I’ve been presenting my poorly and ill-informed advice and thoughts to good people around the the inter-web people in a person quest to dominate nothing. And it’s been great…

The early beta version of the Nimipet is now live. You can start playing the game at https://nimipet.com - Browser-mining food for Nimipet; - Nimipet’s value in NIMs; - Game logic and mechanics…