Crypto is an application built on top of a real piece of technology known as “blockchain”. They are cryptographically-secured ledgers. When done right they are:

1. Distributed. More individuals running the network makes it more secure.
2. Immutable. Nobody can change the records written in the ledger without controlling more than half of the network.
3. Public. Everybody can see every transaction tied to cryptographic “wallets”.

To add.. Cash has value because at some point we had trust in it being backed by gold which has real value. With bitcoin specifically, it has a finite supply and needs to be digitally mined to produce that supply. It is digital gold, verified by a cryptographically-secured, distributed, immutable, public ledger. I see more value in that than in cash.

Crypto is an application built on top of a real piece of technology known as “blockchain”. They are cryptographically-secured ledgers. When done right they are:

1. Distributed. More individuals running the network makes it more secure.
2. Immutable. Nobody can change the records written in the ledger without controlling more than half of the network.
3. Public. Everybody can see every transaction tied to cryptographic “wallets”.