What Is Cryptocurrency? 8 Important Questions Answered

This article strives to answer 8 frequently asked questions about cryptocurrency in the most unbiased manner possible. We will follow that up with questions you should ask yourself or a financial professional before investing in digital assets.

What Is Cryptocurrency?

Cryptocurrency is any digital store of value that one can exchange for goods and services. Bitcoin is the oldest and most well-known example of a digital currency.

What Is the Purpose of Cryptocurrency?

Cryptocurrency was initially conceived as a way of as a virtual currency and alternative form of payment versus traditional banking. 

What Is Blockchain Technology?

All cryptocurrency transactions are recorded on a blockchain public ledger. You can think of a blockchain as similar to...

What Do Transactions Look Like on the Blockchain?

Every transaction includes three critical pieces of information: Input, Output, and Amount. 

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How Do Cryptocurrency Wallets Work?

Are Cryptocurrencies Safe?

How Does the Mining Process Work?

What Determines the Price of Crypto Coins?