Definition of cryptocurrency in US English:

cryptocurrency

noun

  • A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.

    ‘decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation’
    ‘as bitcoin gains ground, more companies have started accepting the cryptocurrency’
    • ‘What does your cryptocurrency allow people to do that they could not do otherwise, and how does it help them do existing tasks more quickly or cheaply?’
    • ‘The majority of cryptocurrency activity still appears to be speculative.’
    • ‘Bitcoin was the first widely used cryptocurrency, but few people know it is not the only one.’
    • ‘Most successful cryptocurrencies have an active community where people devote time with no expectation of payment.’
    • ‘States will undoubtedly resist the spread of cryptocurrencies.’
    • ‘A group of online entrepreneurs were planning to launch the new cryptocurrency on Thursday.’
    • ‘Against all wisdom, I had invested $1,000 in bitcoin, the cryptocurrency whose value had been skyrocketing since the start of the year.’
    • ‘A cryptocurrency may be hackable, but it can also be really, really, really hard to hack—harder than robbing a bank.’
    • ‘Even with recent fluctuations, the total value of the cryptocurrency is still over eight billion USD.’
    • ‘If cryptocurrencies are like other speculative activities, the early players and the big players benefit to the detriment of the late entrants and the small players.’
    • ‘As with all cryptocurrencies, price is based on supply and demand.’

Origin

Early 21st century: from crypto- + currency.

Pronunciation

cryptocurrency

/ˈkrɪptoʊˌkərənsi//ˈkriptōˌkərənsē/