EXPLAINER: How cryptocurrencies work (and how they don't)

I WANT TO SOUND SMART. IS IT “BLOCKCHAIN” OR “THE BLOCKCHAIN?”

Also of note: Different cryptocurrencies are built on different blockchains. Bitcoin is built on the, well, bitcoin blockchain; ether is built on the ethereum blockchain. There now are some cryptocurrencies or tokens that are essentially built on top of other cryptocurrencies — but at the most basic level, all cryptocurrencies refer back to a blockchain.MY HEAD HURTS. IS THERE A SIMPLER WAY TO THINK ABOUT THIS?Fundamentally, cryptocurrencies are digital money.

Mining has another purpose: In the course of solving the puzzle, the most recent bitcoin transactions — the sending and receiving of the currency — are recorded on the blockchain. The system design encourages participants to spend resources to help maintain the record of who owns which bitcoins.

You can judge crypto by the people who use it.

Cryptocurrencies are electronic money laundering schemes and nothing more.

No thanks. I'm sticking with folding money.

🤩🤩🤩❤❤😍😍❤❤🤩🤩🤩

Ban them outright.

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