Crypto Scholar was created to provide a fun & easy learning experience about cryptocurrencies, blockchain and everything in between. We know it can be a little intimidating when you’re new and don’t understand the terminology. This guide is here to gradually introduce you to the key concepts you need to kick-start your journey into the world of crypto and blockchain technoloy.

Before we dive into what a cryptocurrency is you need to understand the underlying technology called blockchain, which enables the existence of cryptocurrencies. A blockchain is a decentralized ledger secured by cryptography that contains all the transaction records across a peer-to-peer network. By utilizing the technology people can secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership all without a need for a central clearing authority like a Chase Bank or PayPal. The potential applications for blockchain can include fund transfers, settling trades, voting, supply chain monitoring and many other applications.