# Crypto

By [Untitled](https://paragraph.com/@0x52a43fc96b9d28363351ea8229d0b495bb6db8af) · 2024-01-21

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A **cryptocurrency**, **crypto-currency**, or **crypto**[\[a\]](https://en.wikipedia.org/wiki/Cryptocurrency#cite_note-2) is a [digital currency](https://en.wikipedia.org/wiki/Digital_currency) designed to work as a [medium of exchange](https://en.wikipedia.org/wiki/Medium_of_exchange) through a [computer network](https://en.wikipedia.org/wiki/Computer_network) that is not reliant on any central authority, such as a [government](https://en.wikipedia.org/wiki/Government) or [bank](https://en.wikipedia.org/wiki/Bank), to uphold or maintain it.[\[2\]](https://en.wikipedia.org/wiki/Cryptocurrency#cite_note-:02-3) It is a decentralized system for verifying that the parties to a transaction have the money they claim to have, eliminating the need for traditional intermediaries, such as banks, when funds are being transferred between two entities.

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*Originally published on [Untitled](https://paragraph.com/@0x52a43fc96b9d28363351ea8229d0b495bb6db8af/crypto)*