Cryptoasset

« Back to Glossary Index

A cryptoasset is any digital asset using the cryptographic technologies for maintaining its operations as a decentralized application or currency. These assets leverage consensus algorithms, cryptography, distributed ledgers, peer-to-peer (P2P) technology and/or smart contracts that helps it to function as a medium of exchange, store of value, decentralized application (DApp) or unit of account. The common types of cryptoassets include cryptocurrencies, security tokens, utility tokens and stablecoins.

« Back to Glossary Index

Check Also

best-vpn-for-streaming

7 Best VPN For Streaming: Enjoy Your Shows From Anywhere

Isn’t it frustrating when you just want to kick back and watch your favorite shows …