Back to Basics
00:00 Intro
00:20 Bitcoin
01:59 Why Bitcoin Has Value
03:26 Censorship Resistant
05:05 Technological Advancements
06:46 Finale
Bitcoin is a decentralised digital currency that operates using cryptography, making it more secure and reliable than other forms of money preceding it. Its simplicity is often overlooked.
It’s not without its faults. Even still, the Bitcoin blockchain continues to grind at its core function for over 14 years arduously.
It was created in 2009 and is the first and most well-known cryptocurrency. Transactions with bitcoin are recorded on a public, decentralised blockchain, allowing transparent and verifiable tracking of the currency. Bitcoin can be used for many purposes, including purchasing goods and services and has become a popular investment option due to its high potential for returns. There are other cryptocurrencies, such as Ethereum, Solana and a host of other coins/tokens and their ecosystem.
In light of recent events in the crypto industry, going back to basics can have compounding effects on your cryptocurrency journey.
We’re currently in the process of updating our Beginner Resources—keep an eye out for greater educational content into 2023!