Beginners Guide to Cryptocurrency: Series 1, Episode 2.

CRYPTOCURRENCIES, DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGY.

The crypto space is a term that refers to the world of cryptocurrencies and other digital assets that use blockchain technology. The three keywords to note here are: CRYPTOCURRENCIES, DIGITAL ASSETS AND BLOCKCHAIN TECHNOLOGY.

Blockchain is a system of decentralized, peer-to-peer record keeping that enables secure and transparent transactions without intermediaries.

In this write-up, I will explain the basics of Cryptocurrency, its benefits and challenges, and some of the ways it interacts with space exploration.

1. Basics of Cryptocurrency - What is crypto?

Crypto, short for cryptocurrency, is a type of digital currency that is created, stored, and exchanged on a blockchain network. Unlike traditional currencies, such as the US dollar or the Euro, crypto is not issued or controlled by any central authority, such as a government or a bank. Instead, crypto is generated by a process called MINING, which involves solving complex mathematical problems using computers. Anyone can participate in mining and receive crypto as a reward for their efforts.

There are thousands of different cryptocurrencies in existence, each with its own features, functions, and values. Some of the most popular ones include Bitcoin, Ethereum, Dogecoin, and Cardano.

Next we will tak about Usea of Cruptocurrency in episode 3.

More trips, comments and likes for the third eposode.