Introduction to cryptocurrency, and how does it work
1. Cryptocurrency is a digital or virtual currency that uses cryptography for security.
2. Cryptocurrency is difficult to counterfeit because of this security feature.
3. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
4. Bitcoin, the first and most well-known cryptocurrency, was created in 2009 by an anonymous person or group known as Satoshi Nakamoto.
5. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.
6. Bitcoin and other cryptocurrencies are often used as investments, but they can also be used to purchase goods and services.
7. Cryptocurrencies are volatile, meaning their prices can fluctuate greatly.
8. Cryptocurrencies are often traded on decentralized exchanges and can also be bought and sold directly from individuals.