Understand Cryptocurrency

Cryptocurrency was once the province of geeks, people who believed leaving the gold standard was a mistake, conspiracy theorists, black marketeers, speculators, criminals, and people with an obsessive sense of curiosity—to name just a few categories. It was also of keen interest to modern economic theorists, computer scientists, encryption researchers, and people who dabbled as a side interest in one or more of those areas of study and practice.

The space opened up over time as the exchange value of Bitcoin and cryptocurrencies that followed became significant—into the billions of dollars—and the tools that let people participate became simpler. Originally, cryptocurrency required a good understanding of encryption, ...

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