Cryptocurrencies, or virtual currencies, are digital means of exchange created and used by private individuals or groups.
Because most cryptocurrencies aren’t regulated by national governments, they’re considered alternative currencies — mediums of financial exchange that exist outside the bounds of state monetary policy.
Bitcoin (BTC) is the preeminent cryptocurrency and the first to be used widely. However, hundreds of cryptocurrencies exist, and more spring into being every month.
Non-Bitcoin cryptocurrencies are collectively known as “altcoins” to distinguish them from the original.
Listen to this episode to find out more about the history of crypto.
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