# What cryptocurrency is not (myths vs. facts)

* **“It’s only for crime.”** In reality, illicit activity is a tiny fraction of on‑chain volume and continues to shrink. Most crypto use is legitimate.
* **“It’s anonymous.”** Most chains are **public** and **pseudonymous**. You can view transactions; tying them to real identities often requires off‑chain info.
* **“All coins are the same.”** Networks differ wildly—purpose, speed, security model, and economics.
* **“Crypto = blockchain.”** Blockchain is the underlying tech. It also powers use cases beyond money: digital collectibles, decentralized computing, identity, etc.
* **“Backed by nothing.”** Value comes from scarcity, utility, network effects, and the services the network enables—not from a central guarantor.


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