What is crypto & 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 makes up a crypto asset?

While the definition is fluid, there are several features that typically make up a crypto asset: Cryptography: This is where the term “crypto” comes from. A cryptocurrency (or crypto for short) utilizes cryptography, which are techniques for securing information or communications. Cryptocurrencies use what’s called public key cryptography.

Can you invest in crypto?

You can also invest in crypto in a portfolio. It goes by different names, including Bitcoin, Ethereum and yes, Dogecoin. While they work differently there’s a common tie: Crypto isn’t issued or regulated by any central authority, including the federal government. As investment trends go, cryptocurrency is arguably one of the hottest.

What is crypto staking?

Crypto staking involves using your cryptocurrencies to help verify transactions on a blockchain protocol. Though staking has its risks, it can allow you to grow your crypto holdings without buying more. Many cryptocurrency projects are untested, and blockchain technology in general has yet to gain wide adoption.