Unlike a bank’s ledger, a crypto blockchain is distributed across participants of the digital currency’s entire network Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency.

If a bank or government isn’t involved, how is crypto secure? It’s secure because all transactions are vetted by a technology called a blockchain.Ī cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Generally, anyone who wants to participate is able to. They’re managed by peer-to-peer networks of computers running free, open-source software. Others are based on different technologies, or have new features that allow them to do more than transfer value.Ĭrypto makes it possible to transfer value online without the need for a middleman like a bank or payment processor, allowing value to transfer globally, near-instantly, 24/7, for low fees.Ĭryptocurrencies are usually not issued or controlled by any government or other central authority. Other well-known cryptocurrencies include Tezos, EOS, and ZCash. The most popular cryptocurrencies, by market capitalization, are Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

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