what cryptocurrency is, how it works, and how you might use it in the future.
There are over 19,900 listed cryptocurrencies on CoinMarketCap. Many people struggle to understand them. Maybe someone suggested learning about cryptocurrency, and you’re ready to find out more.
We understand your concerns. Many cryptocurrency websites are full of “crypto speak” and are challenging to understand however, once you understand the fundamental concepts, you can decode the gobbledygook.
By the end of this guide, you’ll learn what cryptocurrency is, how it works, and how you might use it in the future.
Understanding Cryptocurrencies – meaning and definition
Cryptocurrency (crypto) is a digital currency stored on a decentralized ledger to enable and record transactions on a computer network. There are no regulatory intermediaries and is independent of a centralized authority such as a bank or a governing body.
Cryptocurrency projects have a utility token or governance token often used for payments, rewards, purchases, and more. The underlying processes are the same besides each project being different.