Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies, cryptocurrencies are decentralized and operate on technology called blockchain, which is a distributed ledger managed by a network of computers.
Various blockchains have different standards, making transactions across blockchains largely incompatible. Wrapped tokens solve this problem by functioning as representations connecting blockchains, allowing cryptocurrencies to thrive on non-native blockchain networks.
While there are different terms used to describe the market depending on its state at any given time, the crypto and finance world uses “bull” and “bear” to define prolonged market conditions.
Non-custodial technology and crypto wallets provide the highest level of security for crypto assets across the blockchain space by giving users full control of their wallets and funds.
Blockchain is known for several features, including security, transparency, and immutability. The high level of protection this technology offers is available, in part, because of its use of open software code, making all aspects of the network accessible and verifiable by all.