Cryptocurrency ~ crypto’ + ‘currency’ ~ is a digital currency used as non-fiat (NOT government-issued) currency or medium of exchange that uses cryptography for security and verify transactions (thus crypto-currency) as well as to control the creation of new units of the cryptocurrencies such as Bitcoin, Litecoin, Ethereum and Ripple among others.

Currently, the number of cryptocurrencies available over the internet as of 19 August 2018 is over 1600 and growing. A new cryptocurrency can be created at any time.