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Cryptocurrency In 5 Minutes - Cryptocurrency Explained - What Is Cryptocurrency? - SimplilearnWhat is cryptocurrency? A cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms. The use of. A digital currency that exists on its own blockchain and represents a digital currency. Crypto Token. A digital representation of an asset which can, but doesn'. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and control the creation of new units. And.