Meaning of the word cryptocurrency in English

What does cryptocurrency mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

cryptocurrency

US /ˈkrɪp.toʊˌkɜːr.ən.si/
UK /ˈkrɪp.təʊˌkʌr.ən.si/
"cryptocurrency" picture

Noun

a digital or virtual currency that uses cryptography for security and operates independently of a central bank

Example:
Bitcoin was the first cryptocurrency to be created.
Many investors are interested in trading cryptocurrency despite its volatility.