Cryptocurrency Explained As Straightforward As Possible

Cryptocurrency Explained As Straightforward As Possible

by Hiba ShellehI’m sure many of you are curious about this 21st century money of the future, and due to its increasing recognition and security, the cryptocurrency marketplace looks bright. By the end of this article, you’ll certainly know more about cryptocurrency than most novice or inexperienced people do.*In This Article, You Will Learn…• What Is Cryptocurrency in simple words?• How Do Cryptocurrencies Work?• How many cryptocurrencies are there?• Why Cryptocurrency?• Is Cryptocurrency a Good Investment?• How do I buy cryptocurrency?A Cryptocurrency (or “crypto”) is a digital version of money called “tokens” where the transactions are done online. It 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.You can use crypto to buy regular goods and services, although many people invest in cryptocurrencies as they would in other assets (i.e. stocks or precious metals).*How Do Cryptocurrencies Work?Cryptocurrencies are decentralized networks based on blockchain technology (a distributed ledger enforced by a disparate network of computers). It typically does not exist in physical form (like paper money), and is typically not issued by a central authority.Instead, these tasks are broadly distributed among each cryptocurrency user via the internet.*What