Introduction to Cryptocurrency

August 2, 2021
2m
Read Time

Every journey in the world of decentralized technology begins with cryptocurrencies. More often than not, newcomers hear about crypto and Bitcoin before they even find out what blockchain networks are. While it would be preferable to first study the art of storing data on digital ledgers, the truth is that a majority of people are better suited to learn about cryptocurrencies first, rather than other topics.

Our first course at the Shrimpy Academy dabbles with cryptocurrencies in the context of what they are, what they mean for the world, which use cases they propose, and their crucial role in the future of payments and finance.

The entire crypto market is worth nearly $2 trillion as of 2021. That is precisely 18% of gold’s total market capitalization. Given that gold has been the main store of value and currency for a significant portion of our history, it is only natural to become interested in why alternative currencies are slowly gaining traction with traditional finance.

Introduction to Cryptocurrency is designed to, as the name implies, introduce you to cryptocurrencies and turn you from a newbie to an adept by providing you with a general understanding of how crypto works. The ultimate goal is to assist you in grasping a sense of their revolutionary impact on the global monetary system and the effect that digital assets currently have on financial systems.

In this series, you will have the chance to explore the following topics:

  • What is cryptocurrency?
  • What is blockchain technology?
  • The history of crypto
  • What kind of cryptocurrencies are there?
  • Why the world needs crypto
  • A guide to Crypto Jargon

By the end of the course, our dear readers will be fit to venture into the industry without any anxiety or confusion. We intend to prepare you for future practical utilization of cryptocurrencies and blockchain technology by going over important definitions, historical data, and abstract explanations of why crypto is important.

This concludes our prelude to our introduction to cryptocurrency. As soon as you head over to the first lesson of this series, you will have the opportunity to find out what cryptocurrency really is.