What is crypto and how does it work?

Cryptocurrency is digital currency that doesn’t require a financial institution like a bank to verify transactions. In recent years it has become a topic of discussion from high profile business people like Elon Musk. Yet, despite the presence of crypto it may seem mysterious. Use this guide to learn about what crypto is and how it works.

Is cryptocurrency a Public Ledger?

Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions. Is cryptocurrency a type of money?

Are cryptocurrencies public or private?

They're semi-anonymous. Cryptocurrencies can be designed so that no one can see who you are or what you're spending your crypto on—though the transactions associated with a wallet address are publicly viewable. They're not controlled by a government.

What is the global crypto market cap?

The global crypto market cap is $1.54T, a 2.85% increase over the last day.