In the fast-paced world of finance, crypto has taken the world by storm. You’ve probably heard of Bitcoin, Ethereum, and other digital currencies, but what are they, and why should beginners like you care?

In this guide, we’ll break down the crypto craze and help you understand cryptocurrencies as a beginner.

What are cryptocurrencies?

Cryptocurrencies are digital or virtual currencies that use cryptography for security.

Unlike traditional currencies like the US dollar or the euro, cryptocurrencies are decentralized, which means they aren’t controlled by a central authority like a government or a bank. Instead, transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers.

Why cryptocurrencies matter

Decentralization: The lack of a central authority makes cryptocurrencies resistant to censorship and interference, which some people see as a way to regain control over their money.

Read more: https://www.crispng.com/understanding-crypto-a-beginners-guide/

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