Episode-2- What is Crypto

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Hello hello everyone this is Dennis Alan and you’re listening to the Crypto Homesteader Podcast. Just a regular guy exploring cryptocurrencies as a better option then stashing your gold under some rocks.

Today is Wed Dec 27th 2021 and it is the episode 2 of the Crypto Homesteader Podcast.

On todays episode I want to give my 2 cents of what I now about crypto and what I think it’s all about. This will be a base line of of my limited knowledge of this subject. The reason of this podcast is to learn more about this interesting subject along with you the listeners.

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Crypto
Cryptology
- the practice and study of techniques for secure communication
Cryptocurrency
- is a collection of binary data which is designed to work as a medium of exchange.
Blockchain
A blockchain is a growing list of records, called blocks, that are linked together using cryptography
Bitcoin
a decentralized digital currency
Uses
Alt coins
Everything not bitcoin
Uses
NFTs
Non-fungible token
a unique and non-interchangeable unit of data stored on a blockchain