cryptocurrencybasics

0 minsPublished on 12/19/2023

The world of cryptocurrency and digital assets can be overwhelming when you're first introduced. We cover all the basics to get you started with crypto.

By Corey Barchat

Table of Contents

  1. What is cryptocurrency?
  2. Why were cryptocurrencies created?
  3. How does cryptocurrency work?
  4. What are the different types of cryptocurrencies?
  5. Crypto vs traditional currency: Pros and Cons
  6. What does the future look like for crypto?
  7. Cryptocurrency FAQs (Frequently Asked Questions)
  8. Begin your crypto journey with MoonPay

Today, cryptocurrency is a household word, with thousands of digital currencies and significant adoption and trading volume across the globe. But it wasn't always smooth sailing for digital assets.

The road has been paved with many regulatory challenges and criticism from governments and banks, and has been susceptible to scams and fraud. For many years, crypto was difficult to acquire. And if you wanted to trade digital currency, it was difficult to find a cryptocurrency exchange and fund the transfer.

But how did cryptocurrency begin?

Bitcoin was the first cryptocurrency, created in 2009. With it came the initial use of blockchain technology and its distributed ledger to verify transactions on a public database.

Confused? Don't worry, you're not alone. Despite being one of the most innovative technologies to have developed in the last decade, cryptocurrency continues to baffle even the sharpest of minds.