What is crypto and how does it work?

What is Crypto? Cryptocurrencies are digital tokens that use cryptography for their creation and security. Bitcoin was the first, but thousands more have come. In the past few years, thousands of new cryptocurrencies have appeared, all claiming to offer something a little different.

What is a crypto blockchain?

A crypto blockchain is distributed across the digital currency’s entire network. No company, country, or third party is in control of it; and anyone can participate. The network is constantly checking and securing the accuracy of the blockchain. How do you send and receive money over a blockchain?

How do you use a cryptocurrency?

When you want to spend your money, you use your private key, which is basically your password, to digitally ‘sign’ transactions. The easiest way to manage your cryptocurrency is via software called a wallet, which you can get via an exchange like Coinbase. Who invented the blockchain?

What is Nakamoto's cryptocurrency?

Every cryptocurrency since is an evolution of the ideas laid out in that paper. Nakamoto’s goal was to create digital money that would make online transactions between two strangers anywhere in the world possible without requiring a third party like a credit card company or a payment processor like Paypal in the middle.