Crypto Currency is a new digital asset that uses a distributed public ledger to send the token from one person to another. This all happens without a central bank or third party and it’s not controlled by any individual company, or person.All transactions are completely transparent and thousands of copies of the ledger are kept across a distributed network of computers with no single point of failure or possible manipulation. In other words, Bitcoin is a true decentralized asset that can move freely around the world and nobody can control it.
With Bitcoin, you are given a public key and a private key.
Your public key is your address that everyone knows (sort of like an email address or bank account number).
Your private key is what allows you to unlock your public key and send your digital asset from one account to another. This acts like your password but it’s much more secure.
On the downside if you lose your private key there is no way to recover it so no matter which wallet you store your digital assets in, make sure you back it up and keep your private keys safe.
Bitcoin was the first and it’s the most valuable blockchain asset. However, there are many blockchain assets available today and we believe there will be dozens if not hundreds of valuable blockchain tokens/assets that emerge in the future.