CRYPTOCURRENCY BASICS

COURSE OVERVIEW

Cryptocurrency is a bank-independent digital currency that uses a decentralized technology called blockchain to record and verify transactions in a digital ledger. It is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Cryptocurrency is a digital currency, which is an alternative form of payment created using encryption algorithms.

The word “crypto” refers to cryptographic techniques and several encryption algorithms that help secure these records, such as hashing functions, elliptical curve encryption and public-private key pairs. The use of encryption technologies means that cryptocurrencies function both as a currency and as a virtual accounting system. To use cryptocurrencies, you need a cryptocurrency wallet. These wallets can be software that is a cloud-based service or is stored on your computer or on your mobile device. The wallets are the tool through which you store your encryption keys that confirm your identity and link to your cryptocurrency.

COURSE BENEFITS

• Decentralized finance enables control and privacy, free from central authority interference.
• Lower payment processing and costs–Lower transaction costs facilitate peer-to-peer transactions, often reducing fees and processing times.
• More investment opportunities–The potential for investment growth offers opportunities for high returns in a diversified investment portfolio.
• Improved security–transactions are secure and cannot be reversed, making it a safe option for storing and transferring money.
• The blockchain technology used to power Bitcoin also helps to prevent fraud and double spending.
• International transactions–Crypticurrency can be used anywhere in the world, making it an attractive option for individuals who want to make international payments or transfers.
• New ways of transactions–Cryptocurrency has provided online trading new payment method options, and many major brands and payment processors have started accepting cryptocurrencies.
• High Security and Fraud Reduction
• Introduction to the Digital Landscape