What is cryptocurrency 101?

What is Cryptocurrency 101 Cryptocurrency is a digital currency. It is built with cryptographic protocols that make this digital currency secure. This type of currency is not controlled by any central point, making it immune to interference by the government or other entities.

What is a cryptocurrency & how does it work?

A cryptocurrency is a digital, encrypted, and decentralized medium of exchange. Unlike the U.S. Dollar or the Euro, there is no central authority that manages and maintains the value of a cryptocurrency. Instead, these tasks are broadly distributed among a cryptocurrency’s users via the internet.

When did cryptocurrencies first come out?

Bitcoin is believed to be the first ever cryptocurrency to have been created. It first came onto the scene back in 2009 and is the brainchild of a man who went by the name Satoshi Nakamoto. Lots of other cryptocurrencies have been created since then and there are now thousands in existence! What are some of the most popular cryptocurrencies today?

What cryptocurrencies use proof of stake?

It eschews mining in favor of a process known as staking, in which people put some of their own cryptocurrency holdings at stake to vouch for the accuracy of their work in validating new transactions. Some of the cryptocurrencies that use proof of stake include Cardano, Solana and Ethereum (which is in the process of converting from proof of work).