What is cryptocurrency & how does it work?

Bitcoin is the world's first widely adopted cryptocurrency — it allows for secure and seamless peer-to-peer transactions on the internet. What is cryptocurrency? Bitcoin, Ethereum, and other crypto are revolutionizing how we invest, bank, and use money. Learn more in this beginner's guide. What is Ethereum?

Can cryptocurrencies become a form of money?

Although some crypto investors are hopeful that cryptocurrencies might someday be adopted as a form of money, most see crypto as an alternative asset that can appreciate in value. It’s a way to invest in blockchain technology. Some people purchase cryptocurrency as a way of indirectly investing in its underlying blockchain.

What was the first cryptocurrency?

Bitcoin was the first cryptocurrency. Along with the innovative blockchain technology, Bitcoin paved the way for other cryptocurrencies, which aimed to provide services or solve specific problems. How does crypto work? Cryptocurrency transactions are generally sent between peers using cryptocurrency wallets.

What is crypto mining & how does it work?

Cryptocurrency mining is a process that uses computers from around the world to solve complex mathematical problems in order to verify transactions. The miner who solves the problem is compensated with a certain amount of the coin they are mining. Crypto transactions are stored in blocks, which are linked together to form a chain.