![]() Perhaps among these, you can find something which helps you navigate your way through the world of cryptocurrency. Being in the explainer video business ourselves, we have a good eye for this stuff and hopefully you agree. That’s why we’ve compiled a list of the best cryptocurrency videos available online. We’ve tried our best to understand and simplify all that ourselves, but – as you can probably tell – it’s not that easy for the lay person.īecause cryptocurrency is often such a mind-boggling concept to get one’s head around, explaining it through the medium of video is an effective way of making it accessible.īut finding or creating a good cryptocurrency video – one that’s comprehensive enough to make sense of the finer points and simple enough for the layman to understand – can be a difficult balance to strike. ![]() The best Bitcoin, Blockchain and Cryptocurrency videos And where Bitcoin’s built-in strategy to prevent hyperinflation has been to issue a controlled supply of exactly 21 million coins (thereby maintaining an almost constant level of supply and demand), other cryptocurrencies have been more volatile. Why? Because each transaction is encrypted with a code which proves its validity (hence cryptocurrency), and each bitcoin wallet has its own unique key which keeps tabs on how much each person has spent and how much they have left.Īs it stands, there are approximately 10,000 cryptocurrencies in existence, some more secure than others, some more valuable than others. These miners have to solve a formula for each new entry in order to prove that the transaction and code they are encrypted with match. Traditional or fiat currency is a form of money that is centralized, backed, and managed by a recognized government entity, like the U.S. Compare the Best Cryptocurrency Exchanges. This is an increase of 667 over the past year. Looking for a cryptocurrency exchange to buy, sell, and exchange crypto We reviewed the best crypto exchanges. As of December 2021, ADA tokens are worth about 1.20 per coin. In January 2021, ADA tokens were sold for about 0.18 per coin. Let’s take Bitcoin as an example, which is the first known successful cryptocurrency: transactions are completed on a peer-to-peer network known as the ‘ blockchain‘, which records every Bitcoin transaction ever made.Īnd because the blockchain is decentralised, its ledger is constantly updated by volunteers known as ‘ miners‘, who are incentivised by the possibility of being awarded bitcoins every time they solve a piece of code and update the ‘books’. Cardano and its ADA token are one of the top cryptocurrencies today, boasting a 60 billion market cap. But if cryptocurrency doesn’t have a central issuing authority and is unregulated, how does it exist at all? How is it protected? Where does its value come from? It doesn’t have a central issuing authority, is unregulated, and there are no governmental or organisational structures in place deciding how much currency is produced, how it gets distributed, or whether it has any intrinsic value. The best Bitcoin, Blockchain and Cryptocurrency videosĭeep dive time – a cryptocurrency is simply a digital currency which exists electronically.
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