60.00 Dollar US$ A Dummy's Guide To Understanding Cryptocurrency in 2022 Cheyenne

Published date: April 18, 2025
  • Location: 01-697, Cheyenne, Minnesota, United States

In case you haven't been living under a rock, chances are you've heard of the term 'cryptocurrency.' Over 10 crore Indians - mostly between the ages of 21-35 - are currently investing in various cryptocurrency assets making it the country with the largest number of crypto holders globally, even ahead of the US and Russia.


What is cryptocurrency?

Cryptocurrency is basically a decentralized digital asset that works on the foundations of blockchain technology. Cryptocurrency came into existence as an alternative to standard currency issued by governments, meant to be used over the internet. Bitcoin was the first cryptocurrency, xrp launched back in 2008 by a pseudonymous Satoshi Nakamoto and still remains the biggest cryptocurrency in terms of market capitalization and influence.

Through a white paper, Nakamoto described this project of his as "an electronic payment system based on cryptographic proof instead of trust.

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