Cryptocurrencies have taken over the world by the storm. It's crazy to think that the first crypto Bitcoin was created just ten years ago and now there are over 1500 of them! Sometimes it seems like they've been here forever. And yet the world of cryptocurrencies is somewhat mysterious and difficult to understand at first. Don't worry though this cryptocurrency for dummies tutorial will explain how it all works.
You don't need any prior knowledge of cryptocurrencies to understand this tutorial. In fact, this cryptocurrency for dummies course is created for someone who's entirely new for this world. You'll have the principles of cryptocurrency explained to you from the very basics. Your tutor from Ethos will tell you what cryptocurrencies are, how they work, how they differ from fiat currencies, what created their value and what's the technology behind them.
This course will guide you through the fundamentals of Bitcoin BTC, Ethereum ETH, Ripple XRP and many more coins. There's a whole lecture on Ethereum vs. Bitcoin! So, after you finish this cryptocurrency for dummies tutorial, you'll have a solid foundation on cryptocurrencies, their differences, and principles.
If you decide you would like to invest in one of the cryptocurrencies, you won't need to look for a different tutorial. This course has a separate lecture explaining how to acquire and safely store the top cryptocurrency Bitcoin and the runner-up Etherium. And if you decide to invest in Ripple XRP or another crypto, pretty much the same principles apply. So, after you finish this part of the tutorial, you'll have substantial knowledge on how to buy it.
This cryptocurrency for dummies tutorial also covers mining and blockchain technology. It's important to understand the technology behind cryptocurrencies in order to fully understand what their advantages and disadvantages are. Even if you find digital technology advancements confusing and tricky to understand, have no fear! This tutorial explains them in a straightforward and easy to follow manner.
Bitcoin might be the most important invention in the economics of the 21st century. Inventor of Bitcoin Satoshi Nakamoto was nominated for a Nobel prize in economic science in 2016! Therefore, this tutorial focuses mostly on this oldest top cryptocurrency. Naturally, the second most popular crypto Ethereum isn't overlooked either! This cryptocurrency for dummies tutorial explains how Ethereum differs from Bitcoin and what problems does it solve. After finishing this section, you'll be able to decide which crypto giant wins the Ethereum vs. Bitcoin battle.
The last section will give you clear insights on other top currencies in the market. You'll learn the most important facts about them and what makes each of these coins unique! You could say that this part is all about having cryptocurrency explained in a short, straightforward manner. You'll learn about Ripple, Litecoin, Dash, Ethereum Classic, and Monero.
This course gives you clear examples of the best ways to compare and evaluate cryptocurrencies. So, after you finish the tutorial and dive into the exciting world of crypto, you'll be able to do it on your own and feel confident about it!
Cryptocurrencies promise us a future in which we will be able to trade freely across borders and by removing third parties have full control over our money. Therefore, it seems like cryptocurrencies and blockchain technology is here to stay, so now is as good time as any to start learning about it. What are you waiting for? Start now!
Course consist of total 52min of content
Ethos platform has been created to help people with high-quality education about Blockchain, cryptocurrencies, and other modern digital assets. In this day and age, when some people make thousands of dollars investing in cryptocurrencies, others are barely familiar with the concept of the Blockchain. You won’t be surprised that there will be more people who have heard BitCoin multiple times but don’t know what Blockchain is.
Ethos team has dedicated to bring more light and clarity into the field by creating professional courses on crypto and Blockchain topics. A central part of Ethos’ mission is educating people on taking back control of their finances. Since cryptocurrencies ensure the technological platform for an economic revolution, Ethos participates in building the infrastructure for the emerging economy.
On BitDegree, you may take a quick Ethos’ course and learn the essentials of cryptocurrencies. If you have any doubts or lack of knowledge on how cryptocurrencies work, what Blockchain is, what are the differences between Bitcoin and Ethereum, what you need to do to invest in cryptocurrencies, you’re welcome to join!