A beginner’s guide to how cryptocurrencies work

cheryl

cheryl

Administrator
Staff member
A beginner’s guide to how cryptocurrencies work - Popular Science

From Bitcoin to blockchain, here's what to know.

Whether you’re on the head or tail end of the cryptocurrency craze, one thing is for sure: These digital assets are hitting the mainstream hard, and don’t seem to be going away anytime soon. Notably, the country of El Salvador recently adopted bitcoin as legal tender, and New York’s incoming mayor Eric Adams is intent on transforming New York City into a hotspot for cryptocurrency.

Although only 16 percent of Americans say they invested, traded, or used cryptocurrency, almost 90 percent have heard about it, according to a recent Pew Research Center survey.

Advocates for cryptocurrency and decentralized finance (where people can make financial deals with one another without being moderated by a middleman or central authority like a bank) in general argue that these platforms are transparent and simultaneously anonymous—both good things.
 
Top