Cryptocurrencies: A New Monetary World
Anna has all the time been keen on finance, however the rise of cryptocurrencies in recent times has fascinated her much more. Phrases like Bitcoin, Ethereum, and Decentralized Finance (DeFi) saved popping up in her information feed, and she or he questioned: What precisely is behind all this? Are cryptocurrencies only a hype, or do they provide a long-term benefit over conventional monetary programs?
Curious, Anna embarks on a journey to know the fundamentals of cryptocurrencies and to search out out whether or not this new expertise actually brings important change to the monetary sector.
Anna’s First Step: Understanding Blockchain
One of many first ideas Anna encounters is the Blockchain. At first look, it appears sophisticated, however she rapidly learns that the concept behind it’s really fairly easy: A blockchain is a public, decentralized database that shops transactions. What makes it particular is that this database isn’t managed by a government like a financial institution or authorities. As an alternative, many computer systems all over the world, often called nodes, handle the blockchain collectively.
Anna learns that each transaction on the…
