- "Bitcoins are a popular crytpocurrency, lauded for their transparency."
cryptocurrency
blending and clipping; noun
A type of currency that is based in cryptographically verifiable methods (usually rooted in prime numbers). An example of a type of cryptocurrency is bitcoin.
Etymology : A blending and clipping of the English words cryptography (N.) and currency (N.). Cryptography is a type of work that involves encoding messages, or in this case, digital money. Currency is a broad term for a monetary unit of exchange.
Source : News article on Bitcoin, September 2013
Last modified: 25 November 2013