Cryptocurrencies are complicated, but certainly understandable. Like money, they are a store of value and we can use them to pay for things. Unlike money, cryptocurrencies do not require a centralized entity, like a bank, to validate a transaction. There are five philosophies behind crypo's: 1)security, 2)decentralization, 3)anonymity, 4)forgery, and 5)controlled supply.
Cryptocurrencies are complicated, but certainly understandable. Like money, they are a store of value and we can use them to pay for things. Unlike money, cryptocurrencies do not require a centralized entity, like a bank, to validate a transaction. There are five philosophies behind crypo's: 1)security, 2)decentralization, 3)anonymity, 4)forgery, and 5)controlled supply.