DEFINITIONS FOR THE CRYPTOCURRENCY

Definition of Cryptocurrency

A currency that is digital, has no authority but instead uses a

decentralized system to record transactions and relies on cryptography to prevent counterfeiting and fraudulent transactions.

The Same As Money



Definition of Cryptography

It’s secret writing - the enciphering and deciphering of messages in secret code or cipher. 

Encrypted Security

Definition of Decentralization

To distribute the powers of administration or function of (a central authority) over a less concentrated area.

No One Owns or Controls Bitcoin