# What Is Cryptocurrency?

**Published by:** [JWDR](https://paragraph.com/@jwdr/)
**Published on:** 2022-05-07
**URL:** https://paragraph.com/@jwdr/what-is-cryptocurrency

## Content

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

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