Crypto Basics 101
1. What is Crypto? It’s a digital currency that works online without a central bank. It’s secured by cryptography, making it secure and hard to counterfeit.
2. Blockchain: This is the technology behind crypto. It’s a public record of transactions, making crypto transparent and traceable.
3. Bitcoin & Altcoins: Bitcoin is the first and most popular crypto. Other coins, like Ethereum, are called "altcoins."
4. Wallets: To store crypto, you need a digital wallet with a public key (like an account number) and a private key (like a password).
5. Risk & Reward: Crypto values change fast. It can be risky but also offers big returns.
Understanding these basics is a great first step in learning about the crypto world!
1. What is Crypto? It’s a digital currency that works online without a central bank. It’s secured by cryptography, making it secure and hard to counterfeit.
2. Blockchain: This is the technology behind crypto. It’s a public record of transactions, making crypto transparent and traceable.
3. Bitcoin & Altcoins: Bitcoin is the first and most popular crypto. Other coins, like Ethereum, are called "altcoins."
4. Wallets: To store crypto, you need a digital wallet with a public key (like an account number) and a private key (like a password).
5. Risk & Reward: Crypto values change fast. It can be risky but also offers big returns.
Understanding these basics is a great first step in learning about the crypto world!