While traditional currencies are issued by banks, cryptocurrencies operate under a decentralized model in which advanced encryption techniques regulate the generation of units of currency, and verify the transfer of bitcoins between accounts. (uphold.com)
Cryptocurrency - A cryptocurrency is a digital currency that uses cryptography and encryption techniques to regulate the generation of units of currency and to verify the transfer of funds. (uphold.com)
Bitcoin, the world's most recognizable digital currency, uses encryption techniques are to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. (thenextweb.com)