The complete guide to what is cryptocurrency - get crypto explained from the basics!

 Welcome to my complete "What is Cryptocurrency" beginner’s guide!

The short and easy answer to the title question is that cryptocurrencies are decentralized digital assets that you can acquire and trade on designated exchanges, such as Binance, Coinbase, or Kraken. But what exactly does that mean, and how do they work?

In this guide, I will answer all the questions you might have about cryptocurrency. I’m going to tell you when it was invented, how it works and why it’s going to be so important in the future. By the end of this guide, you’ll be able to answer the question, “what is a cryptocurrency?” for yourself.

The world of cryptocurrency moves fast, so there’s no time to waste. Let’s get started!

With the increasing popularity of cryptocurrencies, especially among younger generations, what strategies would you recommend for educators to introduce concepts like blockchain and digital wallets into the high school curriculum?

Educators should cultivate spaces for ethical discussions, where students can critically dissect the multifaceted implications of this burgeoning technology, fostering a generation of thinkers who are not just knowledgeable but also ethically grounded. Furthermore, nurturing collaborative learning environments where students can delve into blockchain-related projects as cohesive units promise to ignite a flurry of creative and critical thinking, setting the stage for groundbreaking innovations and discoveries.

EXCHANGE

An exchange is a business (usually a website) where you can buy, sell or trade cryptocurrencies.

WALLETS

Cryptocurrency wallets are software programs that store public and private keys and enable users to send and receive digital currency and monitor their balance.

MINING

Miners try to solve mathematical puzzles first to place the next block on the blockchain and claim a reward.