Crypto Vocab ( PART 1 ) — Blockchain, Bitcoin & Altcoins, Ethereum & Ether, Mining & Asics

Hey everyone, welcome to another in our series of crypto vocabulary videos. Today we're going to be talking about some basic terms that you should know if you're getting into cryptocurrency.

At first what is cryptocurrency? Well, it's a digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. It's also decentralized, meaning there's no central authority or single administrator—it's managed by all users together.

In the following we will discuss some topics, such as blockchain,mining and asics, ethereum and ether, altcoins etc.

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