The Basics
So what do I mean when I say that this blog is going to be about Cryptocurrency? We all know what currency is, we use it all of the time: US Dollars, British Pounds, Euro's Japanese Yen etc. Each of these currencies have their own "tokens" such as coins or notes (in the US they have nickels, quarters, dimes, $100 dollar notes etc.) and they can be exchanged for products and services. We use the currency to buy things but only in the country where they are valid, you can't (usually) take Australian dollars and spend them in shops in Kenya for example. This means that the currency that we are used to is specific to the area in which we live and if we want to travel to a different country in the world we generally have to exchange one currency for another. The exchange often costs a small fee and we need to know in advance approximately how much we need to exchange otherwise when we get back home after a trip we have to exchange it back (and paying another small fee). L...