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What does cryptocurrency mean?

Looking for the meaning or definition of the word cryptocurrency? Here's what it means.

Noun
  1. A digital currency based on a cryptographic system.
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A group of online entrepreneurs were planning to launch the new cryptocurrency on Thursday.
The emergence of bitcoin, a digital cryptocurrency that can be used anonymously, is a big part of the reason.
Bitcoin was the first widely used cryptocurrency, but few people know it is not the only one.
The cryptocurrency market is thus a market of competing private irredeemable monies.
What does your cryptocurrency allow people to do that they could not do otherwise, and how does it help them do existing tasks more quickly or cheaply?
Companies like Lamassu are creating ATMs for the cryptocurrency, allowing you to scan your Bitcoin QR code, enter your cash, and buy bitcoin with the push of a button.

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