Cryptocurrency

A cryptocurrency, or crypto coins, is a digital currency designed to function as a virtual medium of exchange where only unsecured coin ownership details are stored in a publicly accessible ledger in a highly secure and synchronized form. Although this type of currency is entirely computerized, it still maintains the aspect of a traditional currency that can be easily traded over the Internet, although generally through an intermediary such as a web-based broker. Most cryptosporters will also allow users to make use of “specialized” software tools, which may include but are not limited to the following: check generation, order matching, order management, limit checking, trade management and prediction, and market analysis. These features will vary from one virtual currency to another.

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