Everything you need to know about Cryptocurrency in 2021

If you aren’t owning any “cryptocurrencies” in 2021 you are definitely missing out.

If you have no clue what a cryptocurrency is, what the definition of crypto is, or if you are looking for a simple cryptocurrency explainer video.This is the right place to find out!

Cryptocurrency legend

What is cryptocurrency?

Simple answer: Cryptocurrencies are digital coins that can be sent and received over the internet. Crypto can be tracked on a blockchain, an online ledger that is available for everyone.

Crypto transactions are verified by crypto miners. Miners are (in return for verifying transactions) rewarded with crypto. This verification process removes the need for a bank.

Definition of cryptocurrency

A digital currency in which transactions are verified and records maintained by a decentralized network using cryptography, rather than by a centralized authority.
A digital transparent monetary system that is not controlled by a specific country.

Decentralized cryptocurrencies such as FYDcoin offer the opportunity to grow and store personal wealth that is beyond restriction and confiscation