What is cryptocurrency?

Definition:

Cryptocurrency is digital currency that use cryptographic technology to avoid double spending or counterfeiting

Key Features:

Decentralization. There is no central bank or authority that issues or controls cryptos(short for “cryptocurrency”), therefore cryptos are free from central manipulation or interference of gov

Security.People who owns cryptos have private key for the crypto wallet, which protects the fund. The private key is strong encrypted with a super long series of code that is impossible to hack

Transparency. Blockchain is the most adopted technology for cryptocurrency which enables a disparate computer network for a distributed ledger, which can avoid double spending or counterfeiting

Anonymity. There is no ID required to get a cryptocurrency wallet to store cryptos, and people only need a wallet address(typically in form of numbers or/and letters) to transfer or spend cryptos, it protects the privacy

Fast.Cryptocurrency transactions can be instant within the network, it enables people sending any amount of cryptos from one side of the earth to the other within just a few mins, as the currency is digital and free from time-wasting centralized control.

If you are just starting, you may read more basics about cryptos. If you want to learn and become professional, you may go deeper into technical analysis, fundamental analysis and risk management.