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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnA cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses cryptographic techniques and it's protocol to verify the transfer of. The crypto industry is in a similar situation: In the early days, construction of cryptography and blockchain was prioritized. Many in the financial services industry refer to blockchain technology as distributed ledger technology. And some see blockchain as a more reliable database.