There’s literally thousands of articles on the internet ranging from the most simple definitions to complex advice and procedures. As the web master and a beginner into this area, we suggest anyone having even the hint of an interest set aside at miniumum a good weekend or 3 days to get the “feel” of the topic.
As a beginner, what I’ve come away with this introduction is that crypto currency is DECENTRALIZED and as such not dependent upon the market or financial state of any one country , area, nation, etc. It will ebb and flow as the state of Earth does. That doesn’t necesssarily mean or guarantee anything, as we can think of climate and global warning.
That all said, let me now share some excerpts from one of the better public references:
Cryptocurrency is a digital currency that uses encryption (cryptography) to generate money and to verify transactions. Transactions are added to a public ledger – also called a Transaction Block Chain – and new coins are created through a process known as mining.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
For the average person using cryptocurrency is as easy as:
Get a digital wallet to store the currency.
Use the wallet to create unique “public addresses” to receive currency.
Transfer funds in or out of your wallet using public addresses.
For advanced users, the possibilities are vast.
How do I get cryptocurrency? If you want to get cryptocurrency you can mine it, trade goods and services for it, or buy it via brokers and exchanges using dollars and other cryptocurrencies. Check out Coinbase for a broker/exchange/wallet solution.
With this summarized, I’d like to invite you to our learning and trading group, which as of the publishing of this section was ranked #3 highest of all similar groups in the USA.