BROADCASTS.com

b"Here's how it all works. Crypto refers to the various encryption algorithms and cryptographic techniques that safeguard these entries, such as elliptical curve encryption, public-private key pairs, and hashing functions. Cryptocurrencies, on the other hand, are systems that allow for secure payments online which are denominated in virtual tokens. These tokens are represented by ledger entries internal to the system.

These crypto-assets often serve as the transaction units on the blockchains that are created using the standard templates like that of the Ethereum network that allows a user to create tokens.Such blockchains work on the concept of smart contracts or decentralized applications, where the programmable, self-executing code is used to process and manage the various transactions that occur on the blockchain.

For example, you can have a crypto token that represents a certain number of customer loyalty points on a blockchain that is used to manage such details for a retail chain. There can be another crypto token that gives entitlement to the token holder to view 10 hours of streaming content on a video-sharing blockchain. Another crypto token may even represent other cryptocurrencies, such as a crypto token being equal to 15 bitcoins on a particular blockchain. Such crypto tokens are tradable and transferrable among the various participants of the blockchain.

Crypto tokens are a type of cryptocurrency that represents an asset or specific use and resides on their blockchain.
Tokens can be used for investment purposes, to store value, or to make purchases.
Cryptocurrencies are digital currencies used to facilitate transactions (making and receiving payments) along the blockchain.
Altcoins and crypto tokens are types of cryptocurrencies with different functions.
Created through an initial coin offering, crypto tokens are often used to raise funds for crowd sales"