Bitcoin is much more than just a blockchain

Bitcoin blockchain reign

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Bitcoin blockchain reign

Bitcoin blockchain reignBitcoin blockchain reignBitcoin blockchain reign
Home
About
Videos
Leave a tip
Bitcoin Mining
What is bitcoin
What is a blockchain
What is cryptocurrency
What is a digital wallet
What is a private key
What is a mnemonic phrase
What is fiat currency
What is a public address
What is a hard fork
What about crypto taxes
Why bitcoin
What is custodianship
What is proof-of-work
Why cryptocurrency
Products
What is banking
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  • Home
  • About
  • Videos
  • Leave a tip
  • Bitcoin Mining
  • What is bitcoin
  • What is a blockchain
  • What is cryptocurrency
  • What is a digital wallet
  • What is a private key
  • What is a mnemonic phrase
  • What is fiat currency
  • What is a public address
  • What is a hard fork
  • What about crypto taxes
  • Why bitcoin
  • What is custodianship
  • What is proof-of-work
  • Why cryptocurrency
  • Products
  • What is banking
  • Home
  • About
  • Videos
  • Leave a tip
  • Bitcoin Mining
  • What is bitcoin
  • What is a blockchain
  • What is cryptocurrency
  • What is a digital wallet
  • What is a private key
  • What is a mnemonic phrase
  • What is fiat currency
  • What is a public address
  • What is a hard fork
  • What about crypto taxes
  • Why bitcoin
  • What is custodianship
  • What is proof-of-work
  • Why cryptocurrency
  • Products
  • What is banking
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cryptocurrency

What is cryptocurrency

 A cryptocurrency is a digital currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Most use blockchain technology, a digital ledger enforced on a vast network of computers controlled by the people using what they call a node. Cryptocurrency aren't just currencies but more of a digital assets.


Cryptocurrency is a term coined for digital assets.  Not all crypto is currency.  Think of land in Manhattan NY, on that property there is a building, in that building there are companies, and those companies earn US dollars.  Now think crypto; the US dollar is digital currency, the land is digital property, the building is a digital platform, and the companies are digital applications.  There is different types of crypto that do different things.  Bitcoin is like property in cyber space, and a stored value that appreciates over time, based off a proof-of-work protocol.  Ethereum (ETH) is the digital platform that anyone can build on.  Coins like Polkadot (DOT), Chainlink (LINK), Polygon (MATIC), VeChain (VET), etc. are the applications.  Crypto that is strictly digital currency are coins like Litecoin (LTC), Ripple (XRP), Dogecoin (DOGE), etc., some having different types of protocols.  All those coins mentioned are all digital assets with different values that can be traded for other digital coins or fiat currencies like the US dollar, Euro, British pound, etc..

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