Cryptocurrency Courses

Understanding crypto fundamentals is essential before indulging your finances in buying and selling digital currency. Learn more

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Crypto Course Overview

A cryptocurrency is a form of virtual money that only exists in the digital form. In more technical terms, a cryptocurrency is an encrypted data string denoting a currency unit.

Unlike traditional money that relies on banks and other financial institutions for supply and transactions, cryptocurrency leverages blockchain-based decentralized networks. The blockchain serves as a secure ledger for buying, selling, and transferring cryptocurrency.

Since no central authority is responsible for issuing cryptocurrencies, virtual money is practically immune to the control of government agencies and financial institutions. Cryptocurrency transactions exist as digital entries in a public ledger that records every crypto transaction. People can store cryptocurrencies in digital wallets.

The first-ever cryptocurrency was Bitcoin, introduced to the public in 2009 by a developer (or developers) with the pseudonym Satoshi Nakamoto. After reigning in absolute dominance for a couple of years, rival cryptocurrencies Litecoin and Namecoin began to appear. As more sites began accepting crypto payments, several other digital currencies like Ripple and Ethereum emerged as popular alternatives to physical money.

Even celebrities like Elon Musk, Kim Kardashian, Gwenyth Paltrow, and many others began to actively endorse the digital currency format, taking the crypto craze soaring. Over 10,000 cryptocurrencies exist today, some not-so-popular and some (like Bitcoin and Ethereum) enjoying significant trading volume and backing from investors.

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Frequently Asked Questions about Cryptocurrency

Price volatility, cybersecurity issues, and lack of scalability are some of the major drawbacks of cryptocurrency.

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