Guide 2: What is crypto currency?
Summary: What is crypto currency?
Crypto currency is a digital-asset designed to work as a global currency for the trading of goods and services.
It does not rely on a central authority/government for management, but instead uses maths (cryptography) over blockchain technology as the means of security and control.
No single entity can influence the value and/or future decisions alone, and records cannot be changed by ‘hacking’ a single server.
Crypto Currency allows the world to trade as they always have done, but in a manner that is suitable for today's global climate, because:
Crypto Currency can,
be the same currency unit all over the world
be the most secure form of managing our money
not impacted by individual government actions.
Now you understand what crypto currency, why should you use Crypto Currency?