What is Cryptocurrency | Simple Explanation

What is Cryptocurrency | Simple Explanation

Welcome to this blockchain educational video by Blockgeeks. In this episode you will learn about what is a Cryptocurrency.

Cryptocurrencies are digital assets (coins and tokens) that are encrypted. Transferred person to person ‘P2P’ with no mediator such as a government or bank.

Cryptocurrencies can be programmed to follow sets of rules and can be used for many different purposes. Bitcoin for example follows a set of rules that mimics the mining of a precious metal such as gold. Ethereum is another blockchain which enables the functionality of smart contracts.

Guide to Understanding Blockchain and Cryptocurrencies

Crypto Session 1 | Blockchain and Crypto Terms You Should Know

Crypto Session 2 | Blockchain Technology Explained + Use Cases


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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who is saying them. The information presented to you on this site is made available for discussion purposes only, and are not cryptocurrency investing recommendations. Under no circumstances does the information on this page represent a recommendation to buy or sell crypto securities.

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