Cryptocurrency Explained In a Ten-Year-Old’s Language

Cryptocurrency is basically “Virtual or Online Money”. Unlike the paper money(A.K.A. Fiat) we have currently, we’re in the digital age where it has been made possible to “produce money” from Computer systems.🤯
That is, from your laptop or computer. Back in 2009, you could “mine” or “make” bitcoins with just your laptop and computer.😎🚀✨

Today, we have different “denominations” of cryptocurrency: some are higher than the dollar, others are lower than the dollar. Almost every few months, we see new cryptocurrencies appearing.🧞

So how did bitcoin become tradeable for paper money?🤷🏾‍♂️

Bitcoin wasn’t worth anything back in 2009, until people started “buying” bitcoins with real money. Since then, it has steadily risen to become even more than the great Dollar as we know it. 💵

Because bitcoin continued to rise, people began to show interest. Therefore, people started making machines that are for the sole purpose of making these coins ALONE. This rendered mining bitcoin on a laptop or computer useless. 👨‍💻

We have Bitcoin, BitcoinCash, Ethereum, Dash, Ripple, Litecoin, Monero, Pi and so many others.📈📉

If you need more details on how to get these coins, don’t hesitate to “YouTube it”✨💰