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Cryptocurrency

Cryptocurrency

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.

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Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

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Companies in this industry

Further Resources

Title
Author
Link
Type
Date

An Analysis of the Cryptocurrency Industry

Ryan Farell

https://repository.upenn.edu/cgi/viewcontent.cgi?article=1133&context=wharton_research_scholars

Academic paper

An Intro to Crypto: Building Blocks

https://a16z.com/2018/05/04/intro-to-crypto/

Web

Cryptocurrencies, app coins, and investing in protocols

Olaf Carson-Wee, Chris Dixon, and Sonal Chokshi

https://a16z.com/2017/04/03/cryptocurrencies-protocols-appcoins/

Decrypting Crypto, From Bitcoin and Blockchain to ICOs

https://a16z.com/2017/12/08/summit-crypto-alex-rampell/

Web

Fat Protocols

Joel Monegro

http://www.usv.com/blog/fat-protocols

References

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