Explaining the basics of crypto to a COMPLETE novice.
80,000 Foot View Cryptocurrencies are a community of digital currency that have no central issuing authority such as a government or bank. Instead, they use a decentralized system to record holdings and transactions. You can trade, invest or make secure digital payments. All of this takes place outside the control of conventional financial institutions. In the world of cryptocurrencies, there are many more coins other than Bitcoin. In fact there are thousands. If this fact isn’t daunting enough, you may ask, “what is mining?” or “what is staking?” Don’t worry about those things. First of all, mining can be left to very technical people who want to get into the nuts and bolts. And staking? Well, that will be a good thing down the road a bit. But don’t worry about…