What is Cryptocurrency?
What is Cryptocurrency? An amazing new asset class which exploded into prominence in 2017. A new type of currency, which will succeed in disrupting the global monetary system and ending cash as we know it, say its admirers, who say it is a store of value superior to precious metals. A passing fad which governments and central banks will soon destroy or subvert, say its detractors.
In this introductory lesson, we explain how cryptocurrency is a new class of currency, created and managed by computer software using blockchain technology, beyond the control of governments and central banks. As a new and highly controversial, little understood asset class, it is both extremely risky, and extremely potentially profitable.