Crypto Currency

Understanding Cryptocurrency & Bitcoin

Cryptocurrency is a digital currency recorded in a ledger of accounts and transactions between peers using a system of verification and encryption.

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Transactions are made by sharing public passwords attached to a private and encrypted digital wallet. Each password relates back to a “block” of transactions on a digital ledger (called a blockchain) and represents X amount of digital coins.

There are many cryptocurrencies that exist today, along side Bitcoin. While Bitcoin & Litecoin operate via blockchain, there are a few cryptocurrencies that don’t use a blockchain and have many other unique mechanics. A few to know of are listed below.






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