As cryptocurrency makes headlines once again, here's a look at the main concepts and what they mean.
The downward spiral of FTX and its former CEO, the 'King of Crypto', has attracted massive media attention and thrust conversations about cryptocurrency back into the spotlight.Worry not.
If you're hearing these words for the first time or are simply in need of a refresher, here are a few key terms and what they mean...Bitcoin is a type of digital currency . Similar to traditional currencies, like the dollar, pound or euro, there are many types of digital currencies. Other popular ones include Ethereum and Dogecoin. Unlike traditional currencies, though, Bitcoin is not backed or controlled by centralised financial institutions. Instead, it is decentralised.
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