What is cryptocurrency?

Today it has become common to hear about the cryptocurrency from the TV screen, from the radio report or just read another “explosive” news about a man who earned millions on it from the social network. Massively, the topic of “electronic money” is discussed only in the media, and from our usual environment, few people can say what cryptocurrency is in simple words, without referring to complex terminology and reference books. In this article, we will try using simple explanations to give the reader a definition of what is cryptocurrency in simple words and the main related topic cryptocurrency terms.

Cryptocurrency – what kind of beast is this?
In fact, it is not a beast, but digital, i.e. electronic money. This concept in the modern language, there are many synonyms, and the user in the vast network can meet such as “coin”, “coin” or “crypt”, which are different variations of the same term. Continue reading →