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Crypto for beginnersLesson 1 / 36 min

What is a cryptocurrency

A cryptocurrency is an entry in a shared ledger that nobody owns and everybody can verify. There is no company behind Bitcoin the way there is behind a bank account. That is the whole point, and it is also why mistakes are permanent: there is no support line that can reverse a transfer.

The practical consequence is that responsibility moves to you. Understanding that trade-off before you buy anything is more valuable than any price prediction.