Cryptocurrency
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptographyCryptography is the encryption mechanism used to secure cryp... More to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Distributed Ledger Technology (DLT)-based digital assets are a superset that includes: Coins, which are Layer 1 (L1) digital assets with their own blockchains, such as BitcoinThe term "Bitcoin" can either refer to Bitcoin the network, ... More or Bitcoin forked coins (Namecoin, Litecoin, Dogecoin), Non-Bitcoin BlockchainA blockchain is a shared digital ledger, or a continually up... More (i.e. Ether, Ripple, Omni) or even Non-Blockchain (IOTA, Byteball, Nano etc) and Tokens, which are Layer 2 (L2) digital assets, built on top of L1 blockchains usually through smart contract technology, such as ERC20, ERC721 (Non-fungible tokens) and Non-ERC standards (TRC20, BEP-2 etc).