What is crypto and how does it work?

What is Crypto? Cryptocurrencies are digital tokens that use cryptography for their creation and security. Bitcoin was the first, but thousands more have come. In the past few years, thousands of new cryptocurrencies have appeared, all claiming to offer something a little different.

What is a 'cryptocurrency'?

What is a 'Cryptocurrency'. A defining feature of a cryptocurrency, and arguably its biggest allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

What does it mean to burn crypto?

“Burning” crypto means permanently removing a number of tokens from circulation. This is typically done by transferring the tokens in question to a burn address, i.e. a wallet from which they cannot ever be retrieved. This is often described as destroying tokens. A project burns its tokens to reduce the overall supply.

What is a crypto winter?

A crypto winter, for the record, is a fairly loose term. It’s often used the same way “bear market” refers to a decline in stock values. But unlike bear markets, which have to meet specific parameters to be called that, a crypto winter broadly just means a period of lower cryptocurrency prices.