What is Bitcoin and Crypto currencies?

In this video, we provide an introduction to Bitcoin and cryptocurrencies, explaining how they work and why they matter.Show more

We start by defining Bitcoin as a digital currency that has been around since 2009 and is powered by a decentralized network of computers around the world. We then explore how Bitcoin transactions work and how they are recorded on a public ledger called the blockchain. We also discuss the benefits of Bitcoin, including its finite supply and the fact that it's more secure and less vulnerable to fraud than traditional payment methods.

Next, we delve into cryptocurrencies in general, explaining that they are digital currencies that are powered by blockchain technology. We discuss how cryptocurrencies work, including how they use cryptography to secure transactions and how they are designed to be finite to prevent inflation. We also explore some of the most popular cryptocurrencies, including Ethereum, Ripple, and Litecoin.

Finally, we discuss why cryptocurrencies are important and how they are changing the way we think about money. We explain that cryptocurrencies offer greater financial freedom and privacy than traditional payment methods and are making it easier to send money across borders. We also discuss how cryptocurrencies are making it possible for people who don't have access to traditional banking services to participate in the global economy.