What is Cryptocurrency? An Introduction to Terms you Need To Know (but don’t): a blog with definitions of cryptocurrency terms.

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What is Cryptocurrency? An Introduction to Terms you Need To Know (but don’t): a blog with definitions of cryptocurrency terms.

As the cryptocurrency space continues to grow, I am often asked by my friends and family what cryptocurrency is and how it works. In this article, I will explain some of the terms that are used in cryptocurrency in simple terms and will include links to articles that go into more detail. Hopefully, by the end of this article you will have more knowledge about cryptocurrency than most people, because believe me when I say that most people know very little about it.

If you’ve been on the internet at all in the last few years, you’ve heard about cryptocurrency. You may have even invested some money into one of the many coins out there. And if you haven’t yet, it’s likely you will soon.

Cryptocurrency is big news these days and many people are interested in how to invest in cryptocurrency. However, just like any new industry, there is a lot of jargon and terminology that is used interchangeably but that doesn’t always mean the same thing. In this article, we will explore some of these terms and break them down into plain English so that you can make informed decisions about your investment strategy.

In the cryptocurrency space, there are a bunch of terms you’ll hear thrown around. Sometimes, it can seem like people are speaking another language.

So, let’s take a moment to establish some basic vocabulary and concepts that will help you understand what’s going on.

Cryptocurrency is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database. Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency. Since the release of bitcoin, over 4,000 altcoins (alternative variants of bitcoin, or other cryptocurrencies) have been created.

In 2016, an anonymous programmer or group of programmers under the alias Satoshi Nakamoto published a whitepaper describing the technical design for what would become Bitcoin. Although Bitcoin was not the first attempt at an online currency of this type, it was the most successful in its early efforts, and it has come to be known as a predecessor in

Want to understand cryptocurrency but feel like you need a dictionary to keep up with the blockchain and digital asset industry?

At this point, it’s no secret that the words used in cryptocurrency can be overwhelming. In fact, developers created a glossary on GitHub because there are so many terms. You may have heard of blockchain, bitcoin, cryptocurrency, or digital assets, but do you know what they all mean? Here’s a basic introduction to some of the most popular terms.

What is Blockchain Technology?

We believe that blockchain technology, which underlies and powers cryptocurrencies, is a revolutionary technology that will change the world.

In order to help people understand what blockchain technology is, and how it works, we have created a list of terms that are related to Bitcoin, Ethereum, and other cryptocurrencies. We hope they will help you understand the blockchain better.

The following terms cover all aspects of cryptocurrency: from mining and investing to programming and terminology. And if you want to learn more about cryptocurrencies and blockchain, head over to our blog where we explain these terms in easy-to-understand language.

Cryptocurrency is a new and unique financial vehicle, unlike anything the world has ever seen. It’s called a “cryptocurrency” because it uses cryptography to secure transactions. Cryptography is the art of creating codes that prevent third parties or the public from reading private messages.

The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin’s success has spawned a number of competing cryptocurrencies, such as Litecoin, Namecoin and PPCoin.