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Coming up with crypto

Lesson in Course: Crypto (expert, 2min )

How does cryptocurrency work and why was it created that way?

To get a deeper understanding of how cryptocurrency works, this video walks through how we might invent our own version of Bitcoin! 

Starting with how we'd keep track of payments between friends on a communal ledger, it shows how principles from cryptography circumvent the need for trust. This is what eventually leads to the development of cryptocurrency. 

While a deep dive like this isn't necessary to own or use cryptocurrency, we should understand what crypto is and how to think about it without assuming its usefulness is tied to the price of Bitcoin.  

 

This article goes deeper into the technical aspects of blockchains:

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