Article

Cryptocurrency

August 22, 2026 · Aditya Gupta

Crypto & Blockchain

Cryptocurrency is digital money secured by cryptography and recorded on a blockchain. Categories: payment cryptos (Bitcoin, Litecoin), platform tokens (ETH, SOL — used to power smart contracts), stablecoins (USDC, USDT — pegged to fiat), governance tokens (UNI, AAVE — vote on protocol changes), meme coins (DOGE, SHIB — community/speculation). Total market cap: $2-3 trillion. Cryptocurrencies aren't legal tender in most countries; treated as property by IRS for tax purposes (capital gains on disposition). Wallet types: custodial (exchanges hold keys) vs. self-custody (you hold keys). 'Not your keys, not your coins' — exchanges have failed (Mt. Gox, FTX).

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