Hello and welcome to today's lesson on Cryptocurrency Basics

[Audio] Welcome, everyone. Today, we'll be discussing cryptocurrency basics. We'll be looking at how cryptography helps secure and verify transactions, as well as how it can control the creation of new units. We'll also explore the advantages and risks involved with investing in cryptocurrency. Let's get started!.

[Audio] Cryptocurrency is a digital or virtual currency that utilizes cryptography to secure and validate transactions and control the generation of new units. Unlike traditional currencies, it operates independently of any central authority. In recent years, cryptocurrency has become increasingly popular, attracting the attention of investors, traders and individuals. This lesson explores the fundamentals of cryptocurrency, including what it is, how it works, and why it is important..

[Audio] Cryptocurrency is a novel means of conducting digital transactions. It is a virtual or digital money that relies on cryptography for securing and verifying transactions, which can be done without involving any central body. Cryptocurrency is a non-conventional form of money that is not bound to any government or financial institution as it is decentralized..

[Audio] Cryptocurrency is a virtual form of currency that is used online. Blockchain technology is used to record the transactions on a public ledger, which is verified by a network of users with complex algorithms. Once verified, the transactions are added to the blockchain, providing a secure and reliable system that cannot be altered or deleted. Cryptocurrency offers quick, confidential and secure transactions..

[Audio] Cryptocurrency is an innovative form of digital currency that provides several advantages over traditional currencies. As it is not regulated by any central authority, it is harder to control or breach. Additionally, cryptocurrency transactions are often much quicker and more affordable than traditional types of payments, like wire transfers and credit card payments. Additionally, cryptocurrencies can be employed as a hedge against inflation and as a means to store value, as they mostly have a limited supply..

[Audio] Cryptocurrency may present attractive opportunities, however it is vital to be aware of the risks associated with it. Prices of crypto can fluctuate drastically, depending on market conditions and the attitude of investors. Additionally, crypto transactions are hard to track and, once confirmed, cannot be reversed, making it a target for scam and hacking. Awareness of these aspects is necessary for making sensible investments in the cryptocurrency market..

[Audio] Cryptocurrency is a digital asset that has gained traction in recent times. With people viewing it as an alternative asset or investment, three of the most renowned cryptocurrencies are Bitcoin, Ethereum, and Litecoin. They offer the potential for great returns, but that also comes with a range of risks. Before investing in any cryptocurrency, it is important to understand the existing risks, and to educate oneself about the market..

[Audio] Cryptocurrency has been gaining significant attention lately and it is essential to understand the fundamentals. Cryptocurrency is a digital or virtual currency that applies advanced encryption to ensure and verify transactions, as well as to regulate the creation of new units. It offers some notable benefits such as decentralization, faster transaction speeds, and enhanced security. However, one must be mindful of the hazards linked with cryptocurrency such as volatility and the possibility of hacking. As the popularity of cryptocurrency continues to surge, it is fundamental to remain informed and educated on these ever-evolving and fascinating technologies..

[Audio] It is clear to see that cryptocurrency is an emerging technology which can be used in many different ways. To get a better understanding of how you can use cryptocurrency or which cryptocurrency might be right for you, it is recommended to take a look at the resources provided in the slides or conduct one's own research. With this, I hope you have gained new insights on the basics of cryptocurrency..