BASICS OF CRYPTOCURRENCY IN 60 SECONDS
welcome to crypto in 60 seconds today
we’re are going to be talking about
cryptocurrency the world cryptocurrency
can be broken down into crypto and
currency the aspect of currency has to
do with money crypto can also be called
cryptography now cryptography is a
technique that is used to secure
transactions on a blockchain therefore
cryptocurrency is a digital currency
that exists in the internet using
cryptographic method or techniques to
secure transactions on a blockchain or
on a network we have two types of
cryptocurrency we have coin and we have
token example of coin is BTC Bitcoin is
the most valuable currency in the world
as today so what can you do with
cryptocurrency number one you can use
cryptocurrency to exchange for goods and
services number two you can use
cryptocurrency for investment number
three you can use cryptocurrency as a
store of value number four you can use
cryptocurrency for remittances and
number five you can use cryptocurrency
for creating smart contracts see you
next time
🌟 Ready to dive into the world of cryptocurrency? Understanding the basics is key to navigating this fast-paced industry. From blockchain technology to digital wallets, knowing the essentials can set you up for success in the world of decentralized finance. Let’s get started! 💰🔗 #Crypto101 #BlockchainBasics #DigitalCurrency