Cryptocurrency can be overwhelming. My goal with this is for you to understand what cryptocurrency is, how it started, the dangers, and how to get involved if that's something you want.
In this post, we're going to discuss what cryptocurrency is, what it isn't, where it came from, why it's important, what it can do and how you can use it.
That's a real mouthful, I know, but crypto can be somewhat complicated. In fact, that's the reason for this post. We want to make crypto easy.
Before we look at the question of what cryptocurrency is, let's briefly look at and understand what regular currency is (a system of money).
If we understand what regular currency is, we can refer back, and make connections and comparisons which will help us to better and more easily understand what cryptocurrency is.
Currency (system of money), the way we know it today, is a standard form of money that exists as physical paper cash or coins and digital dollars and cents in our bank account. This money is authorized by the central authority or government, usually a central bank, and is used as a medium of exchange.