Cryptocurrency

Blockchain | Virtual Currency

A cryptocurrency is a form of virtual currency that uses cryptographic algorithms and blockchain to implement the classic functions of money: a store of value, unit of account and a medium of exchange. Popular examples include Bitcoin and Ethereum. Typically, cryptocurrencies are not backed by a centralized institution government authority.

Further Exploration

Money, Blockchains and Social Scalability, by Nick Szabo. Explains how the trustless nature of blockchain enhances and enables more widespread participation.