Cryptocurrency
This is the core underlying technology of cryptocurrencies. Learning about blockchain involves understanding how it works, its decentralized nature, how it records transactions, and why it's considered secure. This knowledge is fundamental since all cryptocurrencies operate on some form of blockchain technology.
Mining is how transactions are verified and added to the public ledger (blockchain). It's also the method through which new coins are created. Understanding mining includes learning about proof of work (PoW), proof of stake (PoS), and other consensus mechanisms, as well as the hardware and energy requirements involved in the process.
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. DApps are applications that run on a blockchain or peer-to-peer network of computers instead of a single computer. Learn about the more advanced uses of blockchain technology beyond just currencies.
The legal landscape for cryptocurrencies is complex and varies widely by country. This topic covers understanding the regulatory environment, how cryptocurrencies are taxed, compliance with anti-money laundering (AML) and know your customer (KYC) regulations, and staying informed about ongoing legal developments.
