What is a cryptocurrency?

A cryptocurrency, also known as ‘crypto’, is a type of currency that is transferred via a blockchain. It uses strong cryptography to secure the transactions, that usually have value. While traditional fiat currencies are subject to counterfeiting, this is not possible in a cryptocurrency. Bitcoin is still the most valuable cryptocurrency.

What is crypto and how does it work?

Crypto is the generic term to refer to cryptocurrency, the crypto market and the blockchain industry. A cryptocurrency, also known as ‘crypto’, is a type of currency that is transferred via a blockchain.

What is an Initial Coin Offering (ICO)?

Initial Coin Offerings (ICOs), is a form of cryptocurrency crowdfunding that’s helped kickstart the growth of an ever-increasing number of cryptocurrency startups. How Does an ICO Work? A cryptocurrency startup will seek to raise funds through an initial coin offering (ICO).

What are crypto tokens?

1 Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain. 2 Tokens can be used for investment purposes, to store value, or to make purchases. 3 Cryptocurrencies are digital currencies used to facilitate transactions (making and receiving payments) along the blockchain. More items...