- A digital asset that functions as a decentralised alternative to ‘normal’ money
- A cryptocurrency’s value is determined by demand and supply factors
- Cryptocurrencies can be bought on exchanges and mined using software
Crypto, crypto, crypto… Where do I even start? If you’re reading this article, you might’ve heard of the term ‘cryptocurrency’ either from friends or the news. With Singapore announcing its ambitions to become a global crypto hub, along with the news of cryptocurrency donations being accepted by the Ukraine government, Cryptocurrencies are no longer some niche internet meme thing that we can dismiss as a trend. So for all those new to cryptocurrencies, here’s what you need to know about them! Source: Giphy TL;DR: What are Cryptocurrencies?