Cryptocurrency

A. Cryptocurrency is different from this, and radically. Instead of having a physical presence—the notes and coins in your pocket—it exists entirely digitally, without the power of a government to back it. Rather, it relies on free-market mechanisms to determine its value: what people are willing to pay for it determines what it's worth.

B. A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.

C. You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.