RealFevr
RealFevr WebsiteCollectibles MarketplaceOrganyaDrop #7 Copa del Rey
  • The RealFevr Project
    • Welcome to RealFevr
      • Vision, Mission and Values
      • History
      • Team & Partnerships
      • Investment rounds and IDO
      • Official Links
      • How to apply to work at RealFevr?
      • Roadmap
      • Recruit-a-Friend Program
  • FAQ (Frequently Asked Questions)
    • Categories
      • General
      • Blockchain & $FEVR Token
      • Collectibles Marketplace
      • Organya (the Game)
      • Lore (Story)
  • $FEVR Token
    • What is $FEVR?
      • Utility
      • Tokenomics / Burning nomics
      • Buying $FEVR
      • Contract addresses
      • Staking pools
        • How to stake $FEVR tokens
      • Web3 Wallet
  • Collectibles Marketplace
    • What is the Collectibles Marketplace?
      • What are RealFevr Moments?
      • Sports Ecosystem
      • What are Moments used for?
      • What are Drops?
        • What is an Allowlist?
      • How to buy Packs
      • How to buy and sell Moments
        • Gas fees and Minting
      • Where can I see my Moments?
      • User Profile
      • Dropbooks
        • Dropbook Rewards System
      • NFT Borrowing and Lending
      • Badges
  • Organya (the game)
    • What is Organya?
      • Moments, Stats & Abilities
      • Gamenomics
      • How to start playing
      • Game Modes
      • Game Rules (How to Play)
        • The Board
        • Creating your Deck
        • Starting a Match
        • Game Phases
      • Daily Game Quest
      • Leaderboard and XP
      • Yankar Predictor
      • How to get help
  • Fantasy football platform
    • What are the Fantasy Leagues?
      • Opening your account
        • Changing your email and password
        • Changing personal information
        • Notifications
      • Game Modes
        • - Classic Leagues -
          • Scoring System
          • Overall Ranking
          • Transfers
          • Wildcard
          • Player Prices
          • Prizes
        • - Draft Leagues
          • Creating a Draft League
          • Draft Time
          • Transfers and Waivers
          • Commissioner
          • Playoffs
          • Scheduling changes
          • Scoring System
      • Fair Play Rules
      • Match Statistics
      • RealFevr Premium
      • How to get help
  • Crypto Basics
    • Getting Started
      • What is crypto?
      • What is a blockchain?
      • What is a token?
      • What are NFTs?
      • How to create a Web3 wallet?
      • Types of scams to watch out for
      • Safe practices
      • Getting started
  • RealFevr Glossary
    • Categories
      • Blockchain
      • Token & Staking
      • Collectibles, Marketplace and Dropbook
      • FEVR Battle Arena
      • Economy
      • Slang
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  1. Crypto Basics
  2. Getting Started

What is crypto?

Learn the Crypto 101

PreviousGetting StartedNextWhat is a blockchain?

Last updated 2 years ago

As the general definition goes, cryptocurrency is a digital or virtual currency protected by cryptography, which makes it nearly impossible to counterfeit or double-spend.

Many of them are available on decentralized networks based on technology, a widely distributed ledger, the latter meaning a database that is synchronously shared in consensus across multiple computers.

The first blockchain-based cryptocurrency was Bitcoin, which is still the most notorious.

Today, there are thousands of other cryptocurrencies, each with their own functions and specifics. Some are Bitcoin clones or forks, while others were built from scratch, the biggest example being Ethereum.

But what does "decentralized currency" mean?

Traditional currency is centralized, meaning that it is managed and controlled by central organizations, such as banks and governments, while cryptocurrencies can be issued by non-central authorities.

People are essentially their own banks, as transactions follow a peer-to-peer model with no third party acting in the middle. They are responsible for their own funds, for as long as they have them stored on their web3 wallet (like Metamask or Trustwallet), though they may also choose to store them in centralized exchanges (like Binance or Coinbase).

blockchain