What is Crypto? | Become Crypto Confident Ep: 1
What is crypto?
Cryptocurrencies are digital currencies where the “crypto” in the name comes from the fact that these currencies are secured by cryptography. They exist on a public ledger, which is known as a blockchain.
These two characteristics make them extremely difficult to counterfeit.
There are many cryptocurrencies, and their values are changing all the time. The two best-known cryptos are Bitcoin and Ether.
Like traditional (or fiat) currency, cryptocurrencies can be used to buy, send, exchange, invest, trade, hold, lend, and borrow.
But because they’re decentralized and digital, they can do much more than traditional currencies, unlocking tremendous opportunities that simply weren’t possible before.
One of the most important functions of cryptocurrencies is fueling blockchains.
A blockchain is a connected network of nodes run by computers, and in exchange for running those nodes, those computers (or, more specifically, the people who own them) get rewarded with cryptocurrency.
Next Lesson: What are blockchains?
_______
🌻 Join the Growth Guild Community - https://www.growthguild.club
[ Exclusive "Bud w/ Benefits" Transformational Holding Economy of High Achieving Entrepreneurs]
🚀 Discord - Guild Community: https://discord.gg/jYf3NHyzZf
🧠 Twitter - Fast Dialogue: https://twitter.com/kassandra_eth
📷 Instagram - Streaming Biz + Life: https://www.instagram.com/kassandra_kuehl/
👋🏼 Tiktok -Inspirational Moments: https://bit.ly/39VA076
🎥 Youtube - Live Interviews + Edu-tainment: https://www.youtube.com/channel/UC7QCBuemKfa_xJ-EP-kut3w/videos
-
1:09:25
Graham Allen
4 hours agoTrump Challenges Biden to a Golf Match at his YUGE Doral Rally! While Biden BABBLES at NATO…
30.4K89 -
LIVE
Matt Kohrs
11 hours agoFed Chair Powell Testifies, Biden Blunders & Live Trading $1M || The MK Show
841 watching -
50:17
Rethinking the Dollar
1 hour agoChina’s Next Move: Setting the Platinum and Palladium Market on Fire! | Morning Check-In
3.46K1 -
2:58:03
Wendy Bell Radio
7 hours agoThe Real Puppet Master
49.6K116 -
14:44
TENET Media
10 hours agoJudge Rules Nashville Manifesto Won’t Be Released: Abuse of Copyright? | Matt Christiansen
43.1K10 -
1:03:14
2 MIKES LIVE
15 hours agoThe Mike Schwartz Show 07-10-2024
13.4K -
1:44:09
The Podcast of the Lotus Eaters
7 hours agoThe Podcast of the Lotus Eaters #953
41.1K19 -
2:06:06
AP4Liberty
4 hours agoBiden Won't Last Long Like This
25.6K7 -
1:41:57
jeffahern
3 hours agoNever woke Wednesday with Jeff Ahern
18.9K9 -
19:10
Stephen Gardner
10 hours ago🔴BREAKING: Saudi Arabia THREATENS Biden on behalf of Putin!
28.8K92