What Is Cryptocurrency? | Cryptocurrency For Beginners | Start Cryptocurrency Today!
What is cryptocurrency?
I’m sure many of you are curious of this so called “21st-century money of the future and due to its increasing recognition and security, the cryptocurrency market looks bright ahead. By the end of this e-book, you’ll certainly know more about cryptocurrency than most people out there. For this first chapter, we will be covering 5 topics:
- What Is Cryptocurrency?
- How Do Cryptocurrencies Work?
- How Are The Cryptocurrencies Value Determined?
- What Is Cryptocurrency Used For?
- Why Cryptocurrency?
What Is Cryptocurrency?
This is one of the most frequently asked questions out there. What is cryptocurrency?
To make it simple, cryptocurrency is a digital version of money where the transactions are done online. A cryptocurrency is a medium of exchange just like your normal everyday currency such as the USD, but designed for the purpose of exchanging digital information through a process known as cryptography.
The first ever-successful cryptocurrency emerged from the invention of Bitcoin, by Satoshi Nakamoto. This was then followed by the birth of other types of cryptocurrencies competing against Bitcoin.
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