Cryptocurrency

Cryptocurrency Basics #5 – What is Crypto and How It Works?



🎢Cryptocurrencies started off with the rise of Bitcoin since 2009, and have evolved drastically ever since. Smart contracts, NFTs, DeFi protocols are just some of the new technologies that have appeared.

💡Ethereum is a network that started to promote buildability in the crypto world, which is what helped push a huge amount of new altcoins into the market. Cryptos have a plethora of use cases nowadays which we discuss in today’s lesson.

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📌Timestamps
00:43 What is crypto?
01:05 Double spending problem
01:40 Peer-to-peer network
01:55 Summary, benefits and drawbacks of crypto
03:48 Access to financial institutions
05:30 Type of cryptocurrencies
07:05 Are cryptocurrencies legal?
07:20 Cryptocurrency use cases
09:10 Bitcoin, Ethereum, IOTA
09:45 Coinmarketcap for researching cryptos
10:05 Global cryptocurrency market cap
10:15 Bitcoin dominance

ℹ️Resources
Learn more about these use cases:
https://coinmarketcap.com/
https://www.investopedia.com/terms/c/cryptocurrency.asp
https://www.bitpanda.com/academy/en/lessons/five-use-cases-of-cryptocurrencies/

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💣 Disclaimer
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

20 Comments

  1. Have you ever heard of digital money? For many, cryptocurreny is a familiar term, but for a few individuals crytocurrency still sounds like a rocket science- something tough to understand. Crytocurrency is the new money system. It is otherwise regarded as a digital money. This is called so because all the transactions involving cryptocurreny are done on the internet. It involves no third party hence utilizing the decentralized economy.
    Thanks for this update as always.
    #btc #crypto

  2. Great Video ,Explaining the basic thing in CryptoCurrency and it is needed because so people rush into investing without knowing how crypto works .Thanks for this

  3. <Hello,,><I have invested in two investment platfdorms by myself in Crypto and Forex but i lost all,What should i do ?? where am i doing it wrong ?? because i always hear peoples testimonies on how they make profits on their investments.,what's the solution to correct my mistakes and to gain my loss back???>

  4. It's such a great opportunity to have such a earning platform, 35,000inr is such a huge amount that can solve all my family debt with ease. Am so happy as an investor from india to be given such a great opportunity to invest with this awesome platform also.
    May everyone who introduce them know peace and have abundant blessings

  5. It's such a great opportunity to have such a earning platform, 35,000inr is such a huge amount that can solve all my family debt with ease. Am so happy as an investor from india to be given such a great opportunity to invest with this awesome platform also.
    May everyone who introduce them know peace and have abundant blessings

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