Crypto Currency

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A cryptocurrency was designed to be a digital way of exchanging assets securely while maintaining privacy. The currency is secured by means of cryptography. Some cryptocurrencies include:

Cryptocurrencies that are inspired by Bitcoin are called Altcoins.

Coinbase is a popular site that people use to manage their cryptocurrencies.

There are different ways to store your cryptocurrency.

Coin vs Token

A cryptocurrency coin is a currency that exists on its own blockchain and is used as a means of payment. For example Bitcoin or Ethereum.

A cryptocurrency token is a currency that resides on a host's blockchain platform and is meant to be a representation of a certain asset. For example ERC20 which are tokens that are based off Ethereum's blockchain. The tokens are tradable and can represent coins, loyalty points, etc.

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