Author

IIA-Australia

Date

Topics Explored

Format

Extract/Description

Cryptocurrency is a digital currency secured by cryptography which makes it nearly impossible to counterfeit or double-spend. Most cryptocurrencies exist on decentralised networks using blockchain technology – a distributed ledger enforced by a disparate network of computers. It uses cryptography which is the practice of encoding and decoding data – the word ‘crypto’ means concealed or secret.

Key Points

1. Explanation of cryptocurrency.
2. How cryptocurrency works.
3. Cryptocurrency advantages and disadvantages.

Relevant Industries

Level of Assumed Knowledge