A type of cryptocurrency that represents a digital version of money (currency) consisting of a series of data blocks chained together cryptographically. It is the native asset created on its own blockchain network. Such crypto coins are meant to mimic traditional currencies (coins) as full-fledged money (medium of exchange, store of value, and measure of value).

Crypto coins operate on a blockchain where all the records for transactions involving a specific type of coin are maintained and can be easily and securely tracked. Payment by a crypto coin entails recording of the transaction and its receipt on the blockchain. Examples of crypto coins include Bitcoin and Ethereum.

Each transaction involving a crypto coin is secured by encryption and can be examined by any member of the network.