Learning the basics of cryptocurrency

The adoption of digital currencies has catapulted businesses to new heights. The tech industry has witnessed a vast interest from people of different occupations. This is compounded with the acceptance of cryptocurrencies by major stores and companies.

Understanding what cryptocurrencies are and how they work is very important. Equally as important are reputable and informative knowledge banks surrounding all things crypto. With this in mind, and before we go into further detail, this concise infographic is a great reference point, put together by the team at ICOHolder.com

21 Places to Learn How Cryptocurrency Works from ICOHolder.com

How

Furthermore, a thorough insight into the basics of cryptocurrency ensures that an individual is able to trade in them, as well as engage in viable investments.

Knowledge is power, particularly in the crypto sphere where individuals can access useful information through a vast number of resources. The first cryptocurrency ever developed was DigiCash, which was founded in 1989 by David Chaum. Despite being the first digital currency, many people are not actually aware of it. Bitcoin was later developed by Satoshi Nakamoto in 2008, which is a peer-to-peer system that gained mass adoption in 2010.

There are different ways of owning cryptocurrencies; an individual can either buy them or mine them. According to Investing.com, there are 1,658 different cryptocurrencies that exist, with a total market capitalization of under $369 billion.

There are numerous resources out there to fill yourself with crypto-related information. For example, Udemy has related courses available, including The Complete Cryptocurrency Course and a Cryptocurrency Trading Course 2018, with Coursera offering education in Bitcoin and Cryptocurrency Technologies.

Over the years, podcasts have gained massive popularity in this sector. As reported by Bitcoinist, blockchain and cryptocurrency related topics are among the hottest topics in today’s podcasts. A recent study on podcast insights indicated that over 500,000 podcasts have active engagements worldwide. Some notable crypto podcasts include “Invest like the Best”, “Unchained” and “The Bad Crypto Podcast.”

Books are another great resource to use when learning about cryptocurrencies. Various advancements in technology, especially blockchain, has ensured a greater need for higher quality content. Notable books that provide a wealth of information on cryptocurrencies include “The Internet of Money” by Andreas M. Antonopoulos and Crypto Assets by Chris Burniske.

All investments are generally risky and cryptocurrency investments are no exception. Investors and traders need to have concrete information before committing any funds, with one such source being YouTube. The advantage of listening to experts through videos is that we not only learn from them but we also take on board the advice they offer. Notable YouTube channels on cryptocurrencies include Ivan on Tech, Crypto Zombie and DataDash.

There are also numerous documentaries on cryptocurrencies that are highly relevant. Documentaries provide detailed histories of crypto, mass adoption, and their usage. They provide useful insights that, if applied correctly, can yield favourable results. Some notable documentaries include Bitcoin—Shape the Future, The Bitcoin Gospel, and The Blockchain And Us.

There are, seemingly, an endless supply of informative crypto websites, with a pick of them being CyberFund, Coindesk, and CoinMarketCap; these sites provide users with a detailed analysis of the diverse digital currencies. They also provide live updates of prices, including price fluctuations of the various currencies.