Cryptocurrency is a type of currency which is wholly digital. It is still used to buy or sell things, but rather than being in the form of a physical note or coin, owners hold it in a digital wallet and buy or sell through an online exchange. Cryptocurrency has become a widely talked about topic, however the level of understanding of what crypto is, is actually declining. We find this pretty concerning, so here's a guide to break it down. The thing that makes cryptocurrency unique is something called blockchain technology which is what it uses to exist. All it means in real terms is that it’s based on a very complex, online network that is distributed across a lot of computers, meaning it is nearly impossible to counterfeit or double spend.

It also means it exists outside the control of governments and central authorities, so these currencies are able to be maintained and valued solely by their users. While most cryptocurrencies are similar in the fact they are based on a decentralized system and make use of the same blockchain technology, they do also have some differences. Let's start the video and discuss cryptocurrency.


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#BlockChainTechnology
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