Cryptocurrency: not so cryptic
By Alex Jimenez
Courtesy Creative Commons
Cryptocurrency has grown to be one of the biggest financial phenomenons across the globe, and people are making (or losing) money, yet not many people know what it is.
Simply put, crypto is a digital currency. It can be traded online and often used as a form of payment.
How it works
Crypto uses a technology called blockchain, which is essentially a network of computers around the world that is recording the transactions. Each block contains records in code, and together all the blocks create the blockchain.
As quoted in a Forbes article: “Imagine a book where you write down everything you spend money on each day,” said Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Each page is simila...