Glossary - ChicksX

Crypto Asset is a digital representation of value or ownership, utilizing blockchain technology for secure and decentralized transactions.

Crypto Asset is a digital representation of value or ownership that exists on a blockchain. It encompasses cryptocurrencies like Bitcoin and Ethereum, as well as tokens representing various utilities or assets. These assets utilize cryptographic principles to secure transactions and control the creation of new units. Unlike traditional fiat currencies, crypto assets operate on decentralized networks, allowing for peer-to-peer transactions without intermediaries. They can serve various functions, from currency and store of value to providing access to decentralized applications and services. Their value can be volatile, influenced by market demand, technological developments, and regulatory changes.