Everything You Wanted to Know About Crypto (But Were Too Afraid to Ask)
Quite recently (about two days ago, to be honest), a friend of mine was listening to a podcast about bitcoin, crypto, and the associated economy. She started asking me some questions (which is fine), but many of those questions are things I covered in previous articles. Still, to find that information, a reader would have to dive into the topic and read all about ledgers and all that kind of thing. I decided the best way to approach informing people about crypto is by giving them a fundamental, layman’s terms answer to their questions. So, if you’re a crypto native, this article probably isn’t for you. But if you’re wondering how crypto, bitcoin, or anything like that works, this might be what you’re looking for. Let’s start with one of the most prevalent questions crypto natives get (but still find hard to explain).
What is mining?
When the average person thinks of mining, it’s all shovels, picks, and deep, dark holes. Clearly, there are none of these things in crypto mining. So what exactly is crypto mining? How does it work? Cryptocurrency systems must verify transactions when people buy, sell, or trade crypto. Just…
