What is a cryptocurrency & how does it work?

: 18 A cryptocurrency, crypto-currency, or crypto [a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.

What is a cryptocurrency node?

A node is a computer that connects to a cryptocurrency network. The node supports the cryptocurrency's network through either relaying transactions, validation, or hosting a copy of the blockchain. In terms of relaying transactions, each network computer (node) has a copy of the blockchain of the cryptocurrency it supports.

How do you get cryptocurrency?

For most people, the easiest way to get cryptocurrency is to buy it, either from an exchange or another user. Why are there so many kinds of cryptocurrency? It’s important to remember that Bitcoin is different from cryptocurrency in general. While Bitcoin is the first and most valuable cryptocurrency, the market is large.

What is crypto & why should you invest in it?

Here’s the short answer: Cryptocurrency is a form of digital currency that you can use to pay for things online. You can also invest in crypto in a portfolio. It goes by different names, including Bitcoin, Ethereum and yes, Dogecoin.