They can be used as mediums of exchange, stores of value or both. Each cryptocurrency aims to solve a real-world problem; whether it’s a theoretically unmanipulable currency, to privacy, to creating the world’s largest supercomputer, to a standard for universal digital identity, to storing real estate records. They each pose a different solution to solving a real-world need.
Cryptocurrencies live online and are not backed by any government, they’re back by their networks. Most, but not all cryptocurrencies use a distributed ledger, or blockchain to store transactions, data, or any other content. Think of blockchain as a decentralized transaction database.
Sensus Crypto is a collaborative venture by the staff and it’s readers. Have any questions about the digital currency markets? Send them to us, we’d happy to write a post.

Adrian has been a technology professional for over 25 years. From software developer to Business Analysis to Project Management, Adrian has had experience in all things technology. In 2014 a friend suggested investing in Bitcoin. After researching the space the decision was made to invest. The day it was purchased it dropped from 700 to 200. The Bitcoin was transferred to an offline wallet until April 2017. The market had rebounded to almost 1000%. Adrian threw all his available time into learning all things crypto.