What is Cryptocurrency? Find Out Here!
Cryptocurrencies like Bitcoin, Ethereum, and dozens of lesser-known digital currencies frequently appear in the news, often following wild price spikes, and sometimes to cover the revolutionary blockchain technology they are built upon
But what even is cryptocurrency? And is it safe? Start here to get all of your pressing questions about Cryptocurrency answered in an unbiased way!
Cryptocurrency is any digital store of value that one can exchange for goods and services.
What is Cryptocurrency?
Cryptocurrency was initially conceived as a virtual currency and alternative form of payment versus traditional banking.
What's the Purpose of Cryptocurrency?
All cryptocurrency transactions are recorded on a blockchain public ledger. These ledgers are known as decentralized networks.
What is Blockchain Technology?
Each wallet consists of two random strings of characters. The first string acts like a username to signify your account on the blockchain, while the second is a private key or password.
How Do Crypto Wallets Work?
While no blockchain has been successfully hacked to date, there have been instances where hackers have been able to siphon virtual assets from wallets.
Are Cryptocurrencies Safe?
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