The answer is simple: because cryptocurrencies provide their users with several attractive advantages.

I’m happy with my bank and I trust it, why should I care about crypto?”. This means that a copy of the blockchain is stored on each computer in its network and, most importantly, that the coin is not regulated by a central institution, such as by a bank or government. Decentralization refers to a type of ownership arrangement where ownership is divided equally across each node (in this case, a computer) in the network, as opposed to centralization, where one node has most or all the ownership. Blockchain is stored on a decentralized computer network. Blockchain refers to a digital record of all transactions (and other information, depending on the coin) of a particular coin.

In fact, just after 13 years, the total value of the entire cryptocurrency market is over $89 billion and there are now over 10 000 different cryptocurrencies, or ‘coins’, on the market.Īlthough every coin has some unique features, all coins share one fundamental thing: they operate on a technology called ‘blockchain’. As 2009 marked the creation of the first crypto ever, Bitcoin, the popularity of both trading crypto and developing new cryptocurrencies has increased dramatically. What is cryptocurrency?Ĭryptocurrency, a combination of the words ‘cryptographic’ and ‘currency’, or ‘crypto’ for short, is a digital asset type that has revolutionized the global finance industry. Read on to discover cryptocurrency, the world’s most fascinating asset type, and learn how to start trading cryptocurrency in 2022 with confidence. It’s 2022 and you’re still not sure how to trade cryptocurrency? If not, this is your chance to catch up before it’s too late.

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