TRYING TO EXPLAIN BITCOIN
We're still confused too
NFTS: WHAT ARE THOSE CRAZY APE THINGS I SEE EVERYWHERE?
N.F.T.s are a completely new technology so its ok if you are not up to speed just yet, lets learn together!NFT stands for Non Fungible Tokens. Non Fungible means you cant switch out one for the other like you can with a $100 bill.
WTF IS DOGECOIN?
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CRYPTOCURRENCY MADE SIMPLE
Bitcoin and Etherrum are a type of money or Cryptocurrency. Cryptocurrency is different because the government doesn't print it and it is a digital currency. The concept is that of an IOU. I give you(just as an example) $1000 for one Bitcoin.Now someone can give you your $1000 dollars back for that Bitcoin and it keeps going like that.Their are many benefits to this but one is diversification. The United States Dollar USD$ is not the only currency available and with inflation getting worse everyday this is important that the world is trading in different types of currency. These are deep and complicated concepts but I hope i can give a brief overview.
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