INTRO 2 CRYPTO
Basic Tips to Get Started
Cryptocurrency is a form of payment that can be exchanged online for goods and services. Many companies issue their own currencies, typically called tokens, and these can be traded specifically for the good or service that the company provides, or even real world items. Cryptocurrency is digital money.
Blockchain is a decentralized technology spread across many computers that manages and records transactions.
Think of it as a global public record. You can also view it as a public bank statement. The individuals are completely anonymous, only showing their cryptocurrency address.
Decentralization is the process where decision-making is distributed between multiple parties/individuals. Instead of having one center of authority, not one person or group has absolute power, making it fair for all individuals that are partaking in crypto. Cryptocurrency being decentralized, brings freedom and equality to individuals and their finances.