fbpx

cryptocurrency

What is cryptocurrency (& what does crypto mean)?

No account yet? Register

overview

You can barely get through a convo these days without mentioning Bitcoin or cryptocurrency. Onomy is breaking down what exactly cryptocurrency is and what crypto means in this video. New videos on crypto uploaded every week!

lessons in this course

Share on facebook
Share on twitter
Share on linkedin
Share on email

what's in this lesson

Bitcoin is often the first example of a cryptocurrency people think of — because it was the first! But there are many other cryptocurrencies nowadays. Like, THOUSANDS (and more every day)! But what exactly is cryptocurrency? 

What is Cryptocurrency?

Essentially, cryptocurrencies AKA Crypto allow you to exchange money WITHOUT using any third parties by using blockchain technology. The whole goal of cryptocurrencies is to put you in charge and make transactions quicker and more secure by removing traditional middlemen — like a bank.

Anyone — even you — can create a cryptocurrency. Doge coin was literally created as a joke and had an infinite supply, but it grew because people bought into it. So make sure to do your own research — in the crypto community people call this DYOR.  Some cryptocurrencies are more trustworthy than others!

Crypto has many additional features beyond money, but remember, this is just an intro.

Clearly there’s a ton of buzz around crypto, and people are really excited about the future of it. BUT it’s still very new – so be smart and DYOR before diving into the crypto-sphere

No account yet? Register

cryptocurrency

What is cryptocurrency (& what does crypto mean)?

You can barely get through a convo these days without mentioning Bitcoin or cryptocurrency. Onomy is breaking down what exactly cryptocurrency is and what crypto means in this video. New videos on crypto uploaded every week!

Bitcoin is often the first example of a cryptocurrency people think of — because it was the first! But there are many other cryptocurrencies nowadays. Like, THOUSANDS (and more every day)! But what exactly is cryptocurrency? 

What is Cryptocurrency?

Essentially, cryptocurrencies AKA Crypto allow you to exchange money WITHOUT using any third parties by using blockchain technology. The whole goal of cryptocurrencies is to put you in charge and make transactions quicker and more secure by removing traditional middlemen — like a bank.

Anyone — even you — can create a cryptocurrency. Doge coin was literally created as a joke and had an infinite supply, but it grew because people bought into it. So make sure to do your own research — in the crypto community people call this DYOR.  Some cryptocurrencies are more trustworthy than others!

Crypto has many additional features beyond money, but remember, this is just an intro.

Clearly there’s a ton of buzz around crypto, and people are really excited about the future of it. BUT it’s still very new – so be smart and DYOR before diving into the crypto-sphere

lessons in this course

Share on facebook
Share on twitter
Share on linkedin
Share on email

oh, and you can win free stuff just by signing up & referring friends!

join the onomy fam!

Subscribe to our newsletter for free weekly lessons, pro tips, and memes straight to your inbox. We’ll also let you know about 🔥 giveaways and expert events.

By subscribing, you agree to our Privacy Policy and Terms of Use

Already have an account? Log in

lessons