"Firstly, can you define cryptocurrency?"

Basically, cryptocurrency is a mode of paying something. It can also be swapped for services through internet. Nowadays, technology indeed brought our lives to the next level. Even the companies out there produces their own currency. Commonly, they are called tokens. Nice thing for them. It wouldn't be hard for them to exchange quality service. For us to understand it more, let us recall being in an arcade. What do we need when we go to arcades? Tokens. For us to be able to play, we need tokens. In simple words, cryptocurrency is a medium used for transferring funds, services and etc.

"Do the transactions happen online?"

Yes, transactions are through online. Pretty smooth, right? Besides, there will be no more hard time as the coins of an individual user are recorded, and therefore stored in a strong database. No doubts, what you own is safe and sane.

"What makes cryptocurrency unique?"

Cryptocurrency has a lot of admirers, no one can deny that. One of its reason is that many people already foresee the potential future of cryptocurrency in the modern world. Perhaps, they are right. It might be the currency of the future ahead. So a lot really invest in buying them right now, which is beneficial someday. The value increases, so it is better to have it now than never. That is an absolute thing. If all of the people have the same mindset as those who see cryptocurrency is vital in the future years, or decades.

Another factor is, compare to the standard settlements regarding money, cryptocurrency has a lot advantages more than those. You can tell that your coins are really protected, guarded and insured. Like what I have mentioned earlier, the technology really evolved. It brought our lives to the much easiness, and the people receives essential uses. Technology was the one who helped in building and shaping the security of cryptocurrency.

Cryptocurrency is far different from the traditional systems of settling payments. Physical handing of money is not required. It does not involve paper money. That is the most unique feature cryptocurrency has. We all know what inflation does to the money we trust in banks. Yes, it makes the value a little less. As time passes by, the amount will be less and less. Since cryptocurrency is not associated with central banks, the coins stored is not decreasing, instead, it increases as time elapses. Amazing how the technology at the rear of cryptocurrency functions, isn't it?

Haven't heard of blockchain yet?

Let me explain it to you. Blockchain is the technology supporting the cryptocurrency. All the history of transactions are noted and saved here. Including the statistics and records. It is used as strong proofs, as what is already saved cannot be erased nor changed. Aside of that, nobody can invade or have the access of the records but the owner only. Undoubtedly, it is secured and there is no risk of stealing. The saved records can be seen anytime. Also, it is not changeable. It provides transparency for the users.

"What will you use to have an access to your wallet?"

In any household, buildings, or other infrastructures, there will always be a key that serves as your pass. As well as in here, your private key must be personal. It is the password you must remember in order for you to open your account. So much better to take note of your private key, so that if you have memory gap, you will know it easily. Strong private keys are preferable. Have a password that is hard enough for others to copy.

Takeaways

Although most of us are unfamiliar of cryptocurrency, learning about it is not that complicated. With a lot of sources that can be found online, it will help you to explore the cryptocurrency. You can also browse for some help and assistance. As a beginner in this field, I admit that I am still navigating things through different platforms in the internet. What I learned is as long as you are eager to have knowledge that will be beneficial for yourself, many opportunities will come along your way.

What I have enlisted above are some questions others may ask. These are some only, there are still a lot. Probably, there will be part two of this to serve as help for the new or beginners.

For someone who is new to social media, it might be an unfamiliar word— Cryptocurrency. Surely, some of you start to wonder now. That is why this article is perfect for you to read! Make sure not to skip every single line, here I present to you the common/frequently asked questions about Cryptocurrency. Let's get educated and knowledgeable as we browse this one.

Hope you learned something!

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