What is Cryptocurrency: Cryptocurrency Explained the Easy Way

Welcome to my complete beginners guide to What is Cryptocurrency. The short and easy answer to the title question is that cryptocurrency is decentralized digital money. But what exactly does that mean and how does it work? In this guide, I will answer all the questions you have about cryptocurrency. Im going to tell you when it was invented, how it works and why its going to be so important in the future. By the end of this guide, youll be able to answer the question, what is cryptocurrency? for yourself. The world of cryptocurrency moves fast so theres no time to waste. Lets get started! When I hear a new word, I look up its definition in my dictionary. Cryptocurrency is a new word for most people so lets write a crypto definitionHow Does Cryptocurrency Work? Crypto Definition Below is a list of six things that every cryptocurrency must be in order for it to be called a cryptocurrency;

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INTERESTING FACT In 2010, a programmer bought two pizzas for 10,000 BTC in one of the first real-world bitcoin transactions. Today, 10,000 BTC is equal to roughly $38.1 million a big price to pay for satisfying hunger pangs.

INTERESTING FACT Ethereum has quickly skyrocketed in value since its introduction in 2015, and it is now the 2nd most valuable cryptocurrency by market cap.Its increased in value by 2,226% in just last year a huge boon for early investors.

INTERESTING FACT You can trade online with crypto exchanges like Binance, Bitstamp and Coinbase. You can also arrange to trade cryptocurrencies in-person with peer-to-peer sites like LocalBitcoins.com

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What is Cryptocurrency: Cryptocurrency Explained the Easy Way

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