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Crypto basics, explained simply.
Part 1:
Crypto
What is blockchain?
A shared digital record that no one can secretly change.
What is Bitcoin?
Deemed digital money for everyone
Bitcoin is a store of value and a unit of exchange that only exists on the internet - no physical notes or coins.
Buy / Sell
Keep
There is only ever going to be 21 million Bitcoin, so it's limited - kind of like digital gold.
How does cryptocurrency work?
You send crypto through a digital wallet.
The blockchain keeps it safe.
1. Wallets
How you can store and access your
2. Blockchain
A shared ledger that keeps a record of all the transactions
3. Transact
You send it from your digital wallet to anyone
Once the network participants approve the transaction it gets written on the blockchain.
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