By Tomasitopeperon | Meta Concepts | 13 May 2022

Introduction to Crypto

When you think of the word “cryptocurrency,” you probably think of the most popular digital asset: Bitcoin. You may have even heard of other cryptocurrencies like Ethereum and Litecoin. But what are they, and how does this new technology work?

Cryptocurrencies have been in the news a lot lately, but what exactly are they, and how do they work? In this article, we’ll try to answer those questions and hopefully provide you with a better understanding of this new and exciting field of finance. Cryptocurrencies are digital currencies that are encrypted and decentralized, meaning that they operate without a central authority or single administrator. Instead, cryptocurrencies use a network of computers to verify and record transactions on a digital ledger known as a blockchain.

What is crypto?

What is cryptocurrency? Cryptocurrency is a digital currency that uses encryption to secure transactions and verify transfers. Cryptocurrency is not backed by a central bank or government, and it is not printed by a single institution. Instead, cryptocurrency is created and agreed upon by a network of computers across the globe.

What is blockchain?

Blockchain technology is the backbone of cryptocurrency. It allows people to transfer digital money without the need for a bank or other third-party intermediary. It also solves other problems, such as how to keep a record of who owns what, without having to rely on a central authority. Most people have heard of Bitcoin and other cryptocurrencies, but not many know the basics about how blockchain works or how it is changing the world.



Thank you for reading this far. Hope you have an amazing day!

How do you rate this article?




Passionate about videogames, crypto and NFT's. "We'll Make It."

Meta Concepts
Meta Concepts

Really important concepts to review.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.