THE BASICS
Updated: Jul 9, 2021
In this course, you will learn the basic concepts about cryptocurrency by watching videos, reading articles, and taking quizzes. This course does not require any prior knowledge. It was specifically designed for beginners eager to understand cryptocurrency. At the end of this course, we also provide you with tools to continue your journey in the digital world.
Course content:
MODULE 1: What is cryptocurrency?
MODULE 2: How do you personally benefit from it?
MODULE 3: Where can you spend it?
MODULE 4: Types of cryptocurrencies and investing
Further information
Note: We advice you to pass modules in logical order and familiarize yourself with additional material for better learning outcome.
MODULE 1: What is cryptocurrency?
At its core, cryptocurrency is typically decentralized digital money designed to be used over the internet.
Bitcoin, which launched in 2008, was the first cryptocurrency, and it remains by far the biggest, most influential, and best-known. In the decade since, Bitcoin and other cryptocurrencies like Ethereum have grown as digital alternatives to money issued by governments.
Most importantly, cryptocurrencies allow individuals to take complete control over their assets
The most popular cryptocurrencies, by market capitalization, are Bitcoin, Ethereum, Bitcoin Cash and Litecoin. Other well-known cryptocurrencies include Tezos, EOS, and ZCash. Some are very similar to Bitcoin. Others are based on different technologies, or have new features that allow them to do more than transfer value.
Cryptocurrency makes it possible to transfer value online without the need for a middleman like a bank or payment processor, allowing value to transfer globally, near-instantly, 24/7, for low fees.
Cryptocurrencies are usually not issued or controlled by any government or other central authority. They’re managed by peer-to-peer networks of computers running free, open-source software. Generally, anyone who wants to participate is able to do it.
If a bank or government isn’t involved, how is crypto secure? It’s secure because all transactions are vetted by a technology called a blockchain. A cryptocurrency blockchain is similar to a bank’s balance sheet or ledger. Each currency has its own blockchain, which is an ongoing, constantly re-verified record of every single transaction ever made using that currency.
Unlike a bank’s ledger, a crypto blockchain is distributed across participants of the digital currency’s entire network
No company, country, or third party is in control of it; and anyone can participate. A blockchain is a breakthrough technology only recently made possible through decades of computer science and mathematical innovations.
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MODULE 2: How do you personally benefit from it?
For better understanding we recommend you to watch these videos:
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