The Dimecoin Database

< All Topics
Print

What is cryptocurrency?

We put our best effort into covering all topics related to Dimecoin. Each section will cover a different category.

REMINDER: This documentation is always evolving. If you have not been here for a while, perhaps check again. Things may have been added or updated since your last visit!

Cryptocurrency is a digital currency that uses cryptography to secure transactions that are recorded on a distributed ledger, ie the blockchain. It is a form of money that exists as encrypted, digital information. It operates independently of any bank and uses sophisticated mathematics to regulate the creation and transfer of funds between entities.

Cryptocurrencies do not require a central authority to govern monetary policy. This authority for cryptocurrencies is typically decentralized, where each transaction is confirmed by receiving consensus from a network of computers interacting with each other.

Next What is a blockchain?
Page Contents