Introduction
What is Cryptocurrency?
Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies, which are regulated by governments and central banks, cryptocurrencies operate on decentralized networks based on blockchain technology. Bitcoin, created in 2009, was the first decentralized cryptocurrency and remains the most popular today.
Cryptocurrencies enable secure online payments without the need for a central authority or bank. These currencies are stored in digital wallets, and transactions are recorded in a distributed ledger called a blockchain. This ledger is maintained by a network of computers (nodes) that validate and record the transactions.
Simple Definition:
Cryptocurrency is digital money. You can use it to buy things, send to friends, or even save it, just like regular cash. But, instead of paper bills or coins, it only exists online.
Basic Terms:
Let’s talk about some simple terms you might hear when people talk about crypto.
- Blockchain: This sounds fancy, but it’s really just a big digital notebook. Every time someone uses cryptocurrency, it’s recorded in this notebook for everyone to see – and no one can erase it! That keeps things safe and secure.
- Tokens: These are like digital coins. Every cryptocurrency, like Bitcoin or Ethereum, has its own tokens. So, think of tokens as the money you use when you’re dealing with cryptocurrency.
- Wallet: A crypto wallet is where you keep your digital money. It’s not a physical wallet, like the one in your pocket, but an app or program that helps you store your crypto tokens. You’ll need this wallet to send or receive cryptocurrency.
What's Next
Now that you understand the basics of cryptocurrency, it’s time to dive into the technology that makes it all possible: blockchain. In the next lesson, How Blockchain Works, you’ll discover what blockchain is, how it secures transactions, and why it’s the foundation of digital currencies like Bitcoin and Ethereum.
This lesson will help you understand blockchain's role in creating trust without intermediaries and explore how it’s transforming industries beyond just finance.
Disclaimer
The material on this website is provided for informational and educational purposes only and does not constitute an offer to sell, solicitation to buy, or recommendation of any token, digital asset, or financial product issued by PINX Global Markets s.r.o. (“PINX Global”) or its affiliates.
Tokens available through the PINX ecosystem are utility-based digital assets designed for participation, governance, and ecosystem functionality. They do not represent equity, ownership, or rights to dividends, redemption, or profits from any collateral or asset pool.
PINX Global does not provide financial, investment, tax, or legal advice. All digital assets involve risk, including possible loss of principal or total loss of value. Users should obtain independent professional advice before engaging in any trading or participation activity.
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Important Notice
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