What is Crypto? How did it come about?
“Crypto” as it is most commonly referred to by entrepreneurs, hobbyists, and investors is cryptocurrency. Cryptocurrency while not new is a topic rising quickly in popularity and economic interests. It is a form of digital currency that is usually meant to be unregulated by any major government or corporation that all passes through a massive peer to peer network that contains all the information created relating to transactions, balances, and ect.
The idea while seemingly simple is actually extremely complex and enables the once impossible concept of digital cash to exist and flourish. Bitcoin, the first and still most important cryptocurrency was the brainchild of the unintenial father of crypto itself, Satoshi Nakamoto, a man who remains anonymous. Today, Bitcoin serves as a foundation for various other crytocurrencies including Ethereum, Monero, Ripple, PAC, Litecoin, Dogecoin, Dash, and ect…
How is it measured, acquired, and who can get it?
Crypto is most often measured in coin and typically requires powerful hardware to gather and collect meaning, those who collect it are known as “miners” and usually have expensive hardware dedicated to the task of gather coin.
In recent years, with the growth and newfound acceptance of cryptocurrency much of it has become mainstream but not completely approachable for the many people interested in it. This barrier has lead to breakthrough mobile crypto such as Walking Dollars (W$) and Electroneum (ETN) which anyone regardless of experience can gather and exchange using only their smartphone.
What does this all mean?
The introduction of these new mobile cryptocurrencies means more people can enter the market and grow crypto and blockchain technology. Meaning more control over your transactions, your money, and the ability to make your own non-government dependant transactions.