What is Crypto (? A Comprehensive Guide for Beginners
The crypto market is growing at an astonishing rate, attracting the attention of millions of people worldwide. For newcomers, the world is filled with terms like "Bitcoin", "Blockchain", "Altcoin", and "Defi" that can be confusing. This article will explain the core concepts in the simplest way possible. 1. What is crypto? Cryptocurrency ) is a type of digital asset or virtual currency designed to function as a medium of exchange, using cryptography ( to secure transactions and control the creation of new units. The most distinctive feature of crypto is its decentralization )decentralized(. This means that they are not controlled by any government, central bank, or single financial institution. Instead, they are operated by a peer-to-peer network )peer-to-peer(.
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What is Crypto (? A Comprehensive Guide for Beginners
The crypto market is growing at an astonishing rate, attracting the attention of millions of people worldwide. For newcomers, the world is filled with terms like "Bitcoin", "Blockchain", "Altcoin", and "Defi" that can be confusing. This article will explain the core concepts in the simplest way possible.
1. What is crypto?
Cryptocurrency ) is a type of digital asset or virtual currency designed to function as a medium of exchange, using cryptography ( to secure transactions and control the creation of new units.
The most distinctive feature of crypto is its decentralization )decentralized(. This means that they are not controlled by any government, central bank, or single financial institution. Instead, they are operated by a peer-to-peer network )peer-to-peer(.