What is cryptocurrency?

[Kayla]

And what is mining, ect, all the stuff that goes along with it. Laymans terms please

[Alex]

Cryptocurrency is money that does not exist in a physical sense, but instead in a digital state. An example being Bitcoins or Litecoins.

Mining is the act taken to try to obtain Bitcoins etc. A certain program can be downloaded that runs on the computer and 'mines' for Bitcoins.

Hope that enlightens you slightly