CryptoCurrency Made Easy
So my father called me and he wanted to know about cryptocurrency.
He was in awe when he heard that I bought a few Mana on Etoro.
I told him the price has increased he was truly baffled.
So he asked me what it was. I will just write what I told him
So basically to understand cryptocurrency one must understand currency itself.
Currency is something we give value to. For example, a piece of paper that we may call a dollar is a dollar because we have decided to give the dollar the value. Or in this case, the central bank has decided to give value.
Now for cryptocurrency, a certain number of computers assign a value to the currency. And the computers together keep a ledger. These ledgers are called blockchain for cryptos.
Its not so hard now is it? Now go buy some Mana’s so the value increases and i make a profit haha.