Web3 Simplified

003: What is cryptocurrency and why are people using it?

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Cryptocurrency made its first big debut into the marketplaces when Bitcoin was created in 2009 and has been growing in popularity with the launch of other blockchains and marketplaces.

In this episode Sean discusses and breaks down:

  • What cryptocurrency is
  • How it compares to government currencies
  • Why people are buying cryptocurrencies
  • What some of the popular cryptocurrencies are, and more.  

    • Here are the articles and videos that Sean discusses in this episode:

    • “A cryptocurrency is a medium of exchange that is digital, encrypted and decentralized.” - Forbes Article 
  • Definition of encrypted from DigitialGuardian.com 
  • Michael Saylor interview on YouTube about Bitcoin and cryptocurrency (this is a clip of the interview, the full video that Sean originally watched is no longer available.)  

    • Learn more at web3simplified.xyz 

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    Web3 SimplifiedBy Sean Specie