Cryptocurrency 101 – Basic Overview for Newcomers – TechBullion

If you have the feeling that the number of people that use cryptocurrencies is increasing and you are getting left behind, you are probably right. However, that doesn’t have to be the case. 

Cryptocurrencies might seem complicated at first, but once you understand the underlying concept behind all of them, things become much easier. Reading even a basic guide, such as the one here, can help you a lot in grasping how cryptocurrencies work.

What is more, if you follow the right people, you can keep up with the latest crypto developments and get some valuable tips too. To get the best and latest info on the cryptocurrency industry, check out some of the famous experts in the field that can be found here.

Understanding blockchain basics

To understand how cryptocurrency transactions work you first have to know some blockchain basics. Let’s start with the word itself. The compound noun blockchain consists of two parts ‘block’ and ‘chain’.

‘Block’ refers