Where can I find a good introductory guide to cryptocurrencies?

Today’s infographic from BestAccountingSchools provides an introductory guide to cryptocurrencies, and it highlights the history, important terms, and statistics about the crypto space. It also profiles some of the pioneers that made it all happen.

What is cryptography and how does it work?

Cryptographyrefers to the mathematical technique used to secure each unit of cryptocurrency and ensure it can’t be copied. Most crypto exists on a blockchain platform. Blockchain is the digital ledger that records most crypto transactions.

How secure is crypto?

Crypto is secured by a peer-to-peer network, and users can trade or transfer value — globally and almost instantly, 24/7 — without relying on a middleman like a bank or payment processor. Cryptocurrencies are considered secure because they employ a “trustless” system of verification for all transactions.

What is a crypto coin?

Crypto is a digital asset or, more specifically, a digital currency. The elusive Satoshi Nakamoto created the first crypto coin, Bitcoin, in 2009, setting a precedent for many other cryptocurrencies ( altcoins) to come into existence. Traditional money, also known as fiat currencies, like US Dollars or Euros, are government-issued.