Cryptocurrency 101 - The Crypto Basics You Need to Know By Now - 2023
Cryptocurrencies work through a system of public and private keys. A public key is your cryptocurrency address, which others can use to send you funds, while a private key is your secret code for accessing and managing your digital assets. When someone sends you cryptocurrency, they're essentially signing the transaction with their private key and your public key. In the age of digital transformation, cryptocurrencies have emerged as a revolutionary force in the world of finance and technology. Whether you're looking to invest, trade, or simply satisfy your curiosity, this beginner's guide will introduce you to the basics of cryptocurrencies. What is Cryptocurrency? Cryptocurrency is a digital or virtual form of currency that uses cryptography for security. Unlike traditional currencies issued by governments and central banks, cryptocurrencies are decentralized and typically operate on a technology called blockchain. Blockchain Technology The backbone of most cryptoc...
