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  Cryptocurrencies have become mainstream in finance, technology, and even in mainstream media.  Yet, if you're a complete beginner, it can be overwhelming to learn about them.  Here is a simple guide to get you started with the basics of cryptocurrencies, majorly Bitcoin, Ethereum, and other notable digital assets. What Is Cryptocurrency? Cryptocurrency is a kind of digital or virtual currency that uses cryptography for security.  In contrast to ordinary currencies, cryptocurrencies work without a central authority in other words, their underlying technology, going by the name blockchain, is a kind of distributed ledger enforced by a network of computers called nodes. Key Features of Cryptocurrencies: Decentralized-No control by a central authority, like a bank or government. Peer-to-Peer Transactions-Payments are made directly between users without intermediaries. Encryption: It ensures secrecy and safety in transactions through cryptographic security. Transparent:...

  Cryptocurrency is an electronic type of currency used for online services which employs the use of cryptography to ensure the authenticity of the currency so that a coin cannot be used more than once.  It works on a system known as blockchain, which is a distributed system present on several computers that helps in managing and registering transactions.  #1 What is Cryptocurrency?  Definition: Money of electronic nature that is safeguarded by use of mathematics.  Key Feature: Democratization, it is not owned or operated by a central top and has no government affiliation.  #2 How Does It Work? Blockchain Technology: Recording of transactions is done in a public database of a specific kind known as blockchain to enhance on security and transparency.  Mining: The deed of confirming transactions and compiling them to the block, which at times involves solving of arithmetic problems.  #3 Types of Cryptocurrencies: Bitcoin (BTC): The first one that wa...