Digital money secured by cryptography and recorded on a blockchain, allowing people to send value directly without banks. Unlike traditional currency, no single institution controls it. Bitcoin was the first cryptocurrency, and thousands of others now exist with different purposes and designs.
Web3 Basics
Cryptocurrency
Related terms in Web3 Basics
Web3
The vision of an internet built on public blockchains where users own their data, assets, and identity instead...
Blockchain
A shared database duplicated across thousands of computers, where records are grouped into blocks and linked i...
Token
A digital asset created and managed by a smart contract on an existing blockchain, rather than having its own ...
Coin
A cryptocurrency that is native to its own blockchain and used to pay transaction fees and secure the network....