How Cryptocurrency Actually Works | Crypto Explained

Everyone has heard of Bitcoin right? Well this video will explain what cryptocurrencies, like Bitcoin, are and how they actually work.

Cryptocurrency is growing in popularity, but most people don't understand what it is. Like Warren Buffet says, "Never invest in a business you don't understand." The same goes for cryptocurrency. Understanding how crypto works and what it is, will help you understand the use and potential of crypto in the real world and as an investment.

There are thousands of crypto currencies like: bitcoin, ethereum, solana, dogecoin, etc. Each cryptocurrency is a little different, but ultimately follow the same structure and have similar benefits.

Cryptocurrency is basically a digital or virtual currency secured by cryptography. Blockchain technology is also used to ensure cryptocurrencies are decentralized and maintain secure transactional data.

There are advantages and disadvantages to cryptocurrency. However, cryptocurrencies are constantly being improved. Popularity of crypto is growing and understanding it now will benefit you in the long run.

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Disclaimer & Full Disclosure:

*I am not a financial advisor, so this should not be taken as financial advise. For investment advice please seek the counsel of a financial/investment advisor(s); and conduct your own due diligence.

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