Episode 1:
Welcome to the CMG Crypto Academy
This marks the beginning of a complete series designed to help you master the world of Cryptocurrency.
Whether you are a total beginner or looking to sharpen your skills this series is for you.
Cryptocurrency is transforming the way we think about money.
It is not just about Bitcoin it's about the future of Finance.
By understanding Cryptocurrency you gain access to a world of opportunities, global transactions without borders, Decentralized finance and the potential to grow your Investments.
Learning now prepares you for the digital economy of tomorrow.
So let's dive into the basics.
What exactly is Cryptocurrency?
Let's break it down...
Cryptocurrency is a form of digital or virtual currency.
Unlike a physical money, like dollars or Euros, Cryptocurrency only exists online and uses encryption techniques to secure transactions.
But it is not just digital cash, Cryptocurrency operates on a Decentralized network.
This means no banks or governments control it.
Instead, it is powered by Blockchain technology
- a system that records and verifies every transaction.
Cryptocurrency is important because it gives people more control over their money, offers lower transaction fees and can be accessed everywhere with an internet connection. It also opens up new possibilities for Decentralized finance.
Bitcoin is the most well-known Cryptocurrency often called "digital gold" but it is not alone.
There are thousands of others like Ethereum which powers Decentralized Apps and stablecoins that aim to keep a steady value.
That is a quick look at what is Cryptocurrency.
In the next lesson we will take a closer look at how Cryptocurrency actually works.
Don't forget to like and I'll see you in the next lesson.
Bye for now
