What is crypto & how does it work?

Crypto are digital assets —they have no tangible form. Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions.

Is cryptocurrency a Public Ledger?

Cryptocurrencies exist and operate on a public ledger called a blockchain, which records all crypto transactions. Blockchain encryption is designed to make all transactions immutable and secure from tampering, counterfeit, and other forms of fraudulent transactions. Is cryptocurrency a type of money?

Does Zcash encrypt transaction information?

ZCash doesn’t eliminate transaction information. Instead, it encrypts it so that it cannot be tracked. The ZCash blockchain is still encrypted, but the security protocol zk-SNARK adds additional user security and anonymity. Bitcoin uses the hashing algorithm SHA-256.

What is a cryptocurrency address?

A unique address that identifies where a cryptocurrency sits on the blockchain. It’s this location at which the coin’s ownership data is stored and where any changes are registered when it is traded. Addresses look different among cryptocurrencies but are usually a string of more than 30 characters.