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Explain Crypto To COMPLETE Beginners: Coin Bureau Guide!!The hype to-date has largely revolved around unbacked cryptocurrencies as an asset class dominated by Bitcoin and a handful of other tokens. Speculators buy. Ethereum and many of the newer blockchains allow for �programmability�, ie they give developers the option of building applications on top of their blockchain. Cryptocurrencies (or crypto) are digital financial instruments exchanged and recorded on public ledgers. (known as blockchains) that do not.