My simple explanation about cryptocurrency, it is a new era of money evolution, we can call it also a digital or virtual currency that Is not tangible in its nature but have an actual value used to buy and sell commodities and other currencies as well including fiat money online. And Bitcoin is the first crypto currency stands itself a medium by its name.
You are right,and i think for better explanation try to use a video about bitcoin for easy to understand.We all know that explaining bitcoin takes time before it understand. 
Topic: How can you explain cryptocurrency in a simplest way? - page 2. (Read 203 times)
My simple explanation about cryptocurrency, it is a new era of money evolution, we can call it also a digital or virtual currency that Is not tangible in its nature but have an actual value used to buy and sell commodities and other currencies as well including fiat money online. And Bitcoin is the first crypto currency stands itself a medium by its name.
THE F* FUTURE 
When you get bonuses on your wallmart or Carrefour fidelity card you get Cryptos.
Those cryptos are fake money but you can use it in the Carrefour network.
Bitcoin are the Carrefour points.
The cryptomarket is the network.
Those cryptos are fake money but you can use it in the Carrefour network.
Bitcoin are the Carrefour points.
The cryptomarket is the network.
I am aware that cryptocurrency is a big thing to talk to or even understand with only reading one article about it because of its complexity, thats what some people lose interest of studying about crypto.
Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is
Thankyou!
Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is
Thankyou!
Although explained simply, you will not immediately understand about crypto because its complexity is interconnected with others. So, if you are lazy to read all the articles then try compelling to keep reading the articles to know all about crypto and blockchain technology. By reading, you will not feel the loss because the information from the results you read will be very useful when finding a question about crypto.
I can say in simplest words : bitcoin is a digital asset that is tradeable, and decentralized
This should be asked under the Beginners & Help section here -- https://bitcointalk.org/index.php?board=39.0 but I am not going to be rude, so you can move it yourself.
So Crypto currencies is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional tokens, and to verify the transfer of assets. Source : Wikipedia
It is just a digital version of Cash and Gold, but the main difference is that the supply is not controlled by a centralized institution or some government, but rather via a piece of code/software and secured by very intricate Math.
So Crypto currencies is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional tokens, and to verify the transfer of assets. Source : Wikipedia
It is just a digital version of Cash and Gold, but the main difference is that the supply is not controlled by a centralized institution or some government, but rather via a piece of code/software and secured by very intricate Math.
I am aware that cryptocurrency is a big thing to talk to or even understand with only reading one article about it because of its complexity, thats what some people lose interest of studying about crypto.
Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is
Thankyou!
Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is
Thankyou!
Jump to: