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?

Is cryptocurrency terribly explained?

Crypto is a lot of things – including terribly explained. We’re here to clear things up. Until fairly recently, if you lived anywhere other than San Francisco, it was possible to go days or even weeks without hearing about cryptocurrency. Now, suddenly, it’s inescapable.

What are the different types of cryptocurrency?

Since Bitcoin’s debut more than a decade ago, many new types of cryptocurrency have emerged. From stablecoins to non-fungible tokens (NFTs) to dog memes, a wide variety of cryptos are available today. What they share in common is the use of the distributed ledger technology known as the blockchain. How Many Cryptocurrencies Are There?