2min chapter

Life Kit: Money cover image

Crypto 101: blockchains, currencies and security

Life Kit: Money

CHAPTER

Cryptocurrency Is a D Alized Currency

crypto currency is a d alized currency. It's peer to pier, or villager to villager. To keep our example going, it doesn't have a third party overseeing it. And that's powerful. For one, yes, but it also creates channels for people who might not have access to standard bank accounts and stable financial institutions. Also offers ease of access for international money transfer. The security comes from the transparency and from the multiplicity of computers on which those ledgers are maintained.

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