Cryptocurrency
Plain English
Digital money that exists only online and uses encryption for security. Unlike regular money controlled by governments and banks, cryptocurrency operates on a decentralized network. Bitcoin was the first, and now there are thousands including Solana (SOL).
Technical
A digital asset designed to work as a medium of exchange using cryptographic functions to secure transactions, control the creation of additional units, and verify asset transfers. Built on blockchain technology, cryptocurrencies operate without central authority through distributed consensus mechanisms.