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How cryptocurrencies work

How cryptocurrencies are created, how they work and how they're valued.
Interested
  • What is cryptocurrency?
    A cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
  • The first cryptocurrency: Bitcoin
    When Bitcoin was announced in late 2008 it was defined as a “Peer-to-Peer Electronic Cash System". The key invention being a completely decentralized digital cash system that didn't have to rely on a central bank or any authority to function. It was the first successful attempt at a digital currency and since then there have many different cryptocurrencies have been created and launched.

    You can find the original whitepaper for Bitcoin at: https://bitcoin.org/bitcoin.pdf
  • Bitcoin
    Summary by Udara Jay
    [Must-watch video] Great video explaining the basic concept of how the Bitcoin works on a blockchain. Covers how transactions are stored, why and how Bitcoin is decentralized and how double-spending is prevented.
  • What is a Blockchain? A Simple Explaination for Non Technical People
Who creates cryptocurrencies