A Cryptocurrency (short: crypto) is digital currency, digital money or digital asset based on cryptography. The financial transactions are validated automatically and based on cryptography. Decentralized cryptocurrencies, like Bitcoin, are based on distributed ledger technologies, very often the Blockchain. Bitcoin was the first officially available and working Cryptocurrency. Nowadays there are over thousands public available alternative coins (called Altcoins) available. Some use centralized, some user decentralized ledgers and transactions. Altcoin IOTA uses Tangle as centralized ledger technology.

There is a differentiaton between Coins and Token. Token are usually based on a crypto project, like Ethereum. This means the cryptocurrency Ether is a token based on Ethereum.

All public available coins are listed at CoinMarketCap.com. A Heatmap of all cryptos can be found at coin360.com.

Why this is interesting for a Chief Digital Officer (CDO)?
Cryptocurrencies (short: Crypto or Cryptos) are the digitalization of money or other physical assets (such as gold, real estate, etc.). Through tokenization, assets can be converted into digital goods. For this reason the topic is interesting for Chief Digital Officer (CDO). Many companies are already beginning to gain experience with their own blockchain or other distributed ledger technology (DLT). I will take a closer look at the cryptocosmos here.

See also: See also (glossary Cryptocurrency):

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Jan

My name is Jan Puder (LinkedIn profile Jan Puder). I am the founder & CEO of the BusinessTech-Company. Me and the BusinessTech-Company want to push the digital frontier. This is the reason, why I started this website. I want to provide information about digital businesses, especially for Chief Digital Officers.

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