Cryptocurrency is a digital asset that uses decentralized cryptography to secure transactions, to control the creation of additional units, and to verify the transfers of assets. Wikipedia
A digital asset is anything that exists in a binary format and comes with the right to use. Ex. music, documents, movies, games, etc.Wikipedia
Decentralization is the process of distributing or dispersing functions, powers, people or things away from a central location or authority. Wikipedia
Cryptography is basically a very advanced form of encryption. Just like when you were a kid and you made a secret code with your friends to write notes... Just like that. 😎 Wikipedia
Bitcoin was the first decentralized cryptocurrency in 2009.
All other coins that have been created since are referred to as altcoins. Literally: Alternate Coins.
Have a question about cryptocurrency?
Maybe I can help. 😀
Let me know in the comment section below what you're interested in or confused about.
