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CRYPTO: Abbreviation for Cryptocurrency. A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.[1][2][3] Cryptocurrency is a kind of digital currency, virtual currency or alternative currency. Cryptocurrencies use decentralized control[4] as opposed to centralized electronic money and central banking systems.[5] The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.[6][7] Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.[8] Since then, over 4,000 altcoin (alternative coin) variants of bitcoin have been created. (Source: Wikipedia) MEG: Short form for "MEGA" Ideal name for crypto-related businesses or startups.
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