Cryptocurrency for Dummies: The Complete Beginner’s Guide
Cryptocurrency is one of the biggest buzzwords in the financial world these days. But if you’re new to the world of Bitcoin, Ethereum, and other digital currencies, it can all seem very confusing.
Don’t worry — this complete beginner’s guide will explain everything you need to know about cryptocurrency in simple terms anyone can understand. We’ll start from the very basics and work our way up to more advanced concepts.
What is Cryptocurrency?
Cryptocurrency is a form of digital money that is designed to be secure and anonymous. It uses cryptography (a fancy word for code) to secure and verify transactions as well as to control the creation of new units.
Unlike regular currencies like the US Dollar or Euro, cryptocurrencies are not controlled by any government or central authority like a central bank. Instead, they operate on a decentralized peer-to-peer network.
The most popular cryptocurrencies are:
- Bitcoin
- Ethereum
- Litecoin
- Cardano
- Dogecoin
