Chapter undefined

Understand crypto

Build a careful mental model before comparing products, prices, or promises.

All chapters
Outcome

Explain what a crypto asset represents, why different assets exist, and which claims require qualification.

Chapter check

Explain the decision, not just the term.

Four questions. Answers and explanations are shown after each choice.

01What does a wallet primarily hold or control?
02Why is market capitalization not the same as cash invested in an asset?
03A token is marketed as decentralized, but one administrator can pause transfers and mint new units. What should a beginner conclude?
04Token A costs $0.01 and Token B costs $100. Which fact is required before comparing their valuations?