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Cryptocurrency has a lot of critics. Some say that it’s all hype. Well, I have some bad news for those people. Cryptocurrency is here to stay and it’s going to make the world a better place.

Centralized organizations have let us down.

In 2008, banks cost taxpayers trillions of dollars and caused the world economy to fall apart.
The credit checking agency, Equifax, lost more than 140,000,000 of its customers' personal details in 2017.
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This year, Facebook was forced to apologize for selling its users’ personal data.
Facebook apoligy from Mark Zuckerberg

Cryptocurrencies offer the people of the world another choice.

The governments of Syria, Yemen, and Libya have all failed to protect their people from violent civil wars.

What is the cryptocurrency to the people of Syria? It’s hope. Thirty percent of UN Aid is lost to third-party corruption so UNICEF has been using Ethereum to raise money for the children of Syria.

About 2 billion people around the world don’t have bank accounts. One in ten Afghanis are unbanked, many of them women. What is the cryptocurrency to an Afghani woman? It’s freedom. Bitcoin is giving women in Afghanistan financial freedom for the first time.

Blockchain technology could be used for elections in some of the most corrupt countries in the world. What is the cryptocurrency to the people of Sudan or Myanmar? It’s a voice. Free elections could be held without fear of violence or intimidation.

Cryptocurrencies can help make the world a fairer, safer and more peaceful place for us all to live in.

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Bitcoin Mining Hardware: How to Choose the Best One
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Wondering what is SegWit and how does it work? Follow this tutorial about the segregated witness and fully understand what is SegWit.

Final Thoughts: What is Cryptocurrency?
So far, you’ve learned what cryptocurrencies are and how they work. You also know how to store them and where to trade them. However, understanding cryptocurrency is more than just understanding blockchains and mining. Understanding cryptocurrency is about understanding what those technologies can do for you.

Cryptocurrencies have the power to change our lives forever. They can help you take back control of your money and your information. Some people will ignore them and hope they go away. Others will join the party. Which will you be?

In this guide, I’ve told you everything you need to know about cryptocurrency.



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If a blockchain is used as a database, the information going into the database needs to be of high quality. The data stored on a blockchain is not inherently trustworthy, so events need to be recorded accurately in the first place.With blockchain, we can imagine a world in which contracts are embedded in digital code and stored in transparent, shared databases, where they are protected from deletion, tampering, and revision. In this world every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Intermediaries like lawyers, brokers, and bankers might no longer be necessary. Individuals, organizations, machines, and algorithms would freely transact and interact with one another with little friction. This is the immense potential of blockchain.ethereum монета

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