Glossary > Cryptocurrencies


What are cryptocurrencies?

A cryptocurrency is a type of digital asset based on blockchain technology allowing P2P transfer of value without the intervention of trusted third parties.

Cryptocurrencies use blockchain technology and cryptography to secure transactions and avoid the issue of double-spending. This means that the blockchain permanently records every cryptocurrency transaction and will not let anyone alter it.

Created in 2008, Bitcoin is the oldest cryptocurrency. Since then, many more cryptocurrencies popped up such as Ethereum, Litecoin, Ripple, Tezos…