Cryptocurrency has been described by some people as our future, or the future of global finance. It also has been called worthless by many or a Ponzi scheme. But what is cryptocurrency? What is the concept of cryptocurrency, what is the value of crypto and is crypto worth it as a whole?
These are critical questions underlying the technology and are all addressed in this video. In the most basic terms, a cryptocurrency is a digital currency whose transactions are secured by cryptography, which makes it virtually impossible to counterfeit.
Cryptocurrency payments can be sent directly from one party to another without authorization from financial institutions or government control. The concept of cryptocurrency lies in its ability to isolate banks from people’s money.
You can watch our full video on what is cryptocurrency? If you have your own views on cryptocurrency explained for beginners, please let us know in the comments below!
Did you like our part on what is blockchain technology? Then please be sure to give it a thumbs up and share it with your friends. For our next update on cryptocurrency for beginners, subscribe to the Currency.com official channel!
00:00 — Intro
01:06 — The origins of crypto
01:59 — Satoshi & Bitcoin
02:35 — How Bitcoin works
03:33 — Blockchain
05:23 — Cryptography
06:10 — Altcoins & Stablecoins
08:02 — How to buy & use crypto
09:14 — Crypto wallets
09:45 — What are cryptocurrencies good for?
11:31 — Outro