From the course: Cryptocurrency Foundations

Is cryptocurrency the future of money?

From the course: Cryptocurrency Foundations

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Is cryptocurrency the future of money?

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- Money, like mathematics, is a uniquely human creation. Through the ages, both have changed the world and shaped the human experience. Money emerged as a viable medium of exchange for a wide range of transactions, eliminating the limitations of bartering. Fundamentally, money can take many forms as long as a community accepts it as a form of payment. Today, the exchange of money is facilitated by a wide range of mechanisms which span from basic notes and coins to checks, credit cards, and apps. Common to all these is a required relationship with financial institutions and governments. However, since 2009, a new form of money, cryptocurrency, has emerged that breaks with conventional monetary practices and requires no intermediary to function. It's money in a digital form that enables transactions directly between individuals and to and from all manner of entities. We're arguably in a monetary revolution commensurate with a world undergoing a digital transformation. Hi, I'm Dr. Jonathan Reichental, founder, professor, and author. If you're eager to quickly get up to speed on the basics of cryptocurrency, then this is the right course for you. I discuss how crypto works, including how you can buy, sell, and be an investor in it, what it means to be a crypto miner, and the risks and challenges ahead. If you're ready to jump into the intriguing world of cryptocurrencies, don't wait any longer. They just might be the future of money. Come on, join me, and let's go.

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