When you take your first look at cryptocurrencies like bitcoin, it can make your head swim. I know it did mine. But in this article, we’ll break down cryptocurrencies into bite-sized chunks so you can understand them just as well – or even better -- as the cash in your wallet.
First off, if you didn’t get a chance to do a deep dive into my first article of this three-part series on blockchain and cryptocurrencies, no worries. This article will get you up and running on like a crypto pro in no time. (But do take a spin around that article when you get a sec – it’s a good blockchain primer without all the jargon.)
So, let’s get started!
Cryptocurrency is a type of currency category that you’re most likely comfortable with already: Digital currency. Pretty much without exception, most money these days is digital currency.
After all, when you check your bank balance online, you’re looking at a digital representation of your money. And that’s digital currency.
In fact, you could look at cryptocurrency as a distant cousin of your online bank account, digitally speaking.
But unlike your bank account, cryptocurrencies have some unique and exciting features that make them interesting. Here are two important ones. Continue reading "What Is Cryptocurrency Anyway?"
