Crypto Assets

What are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that use cryptography for security. Unlike traditional currencies (like the dollar or euro), they aren’t issued or controlled by any central authority such as a government or bank. Instead, most cryptocurrencies operate on decentralized networks based on blockchain technology—a public, tamper-resistant ledger that records all transactions.

The most well-known cryptocurrency is Bitcoin, but there are thousands of others, including Ethereum, Solana, and Litecoin. People use cryptocurrencies for a variety of reasons: online payments, investing, storing value, or even powering decentralized applications.

Key features of cryptocurrencies:

  • Decentralized: No single entity controls the network.

  • Secure: Transactions are encrypted and recorded on a blockchain.

  • Borderless: Can be sent or received globally, often with lower fees.

  • Volatile: Prices can fluctuate dramatically in short periods.

 

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Cryptocurrencies are decentralized digital assets built on blockchain technology. They allow peer-to-peer transactions without intermediaries like banks. Since Bitcoin’s launch in 2009, the crypto market has grown to over $1.7 trillion in value (2024), driven by rising adoption, DeFi, and institutional interest.

Key Use Cases

  • Digital payments

  • Investment/speculation

  • Decentralized finance (DeFi) and Web3

  • Financial access in underbanked regions

Trends

  • Tokenization of real-world assets

  • Central Bank Digital Currencies (CBDCs)

  • Regulatory developments

  • Scalable blockchain solutions (Layer 2s)

Opportunities

Crypto presents strong potential for businesses in trading, wallets, DeFi, blockchain services, and education. Early, responsible entry into the space offers long-term upside.