What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. 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.

What is a crypto token?

Crypto tokens are a digital representation of an asset or interest in something and are built on a blockchain. Crypto tokens can also be used as investments, to store value, or to make purchases. Cryptocurrencies are digital representations of value designed to facilitate transactions (making and receiving payments) using blockchain technology.

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?

Why are cryptocurrencies called 'cryptoassets'?

Development is underway to make cryptocurrency easier to use, but for now it isn’t very ‘money-like’. This is why central banks now refer to them as ‘cryptoassets’ instead of ‘cryptocurrencies’. Today cryptocurrencies are generally held as investments by people who expect their value to rise.