Podcast
Questions and Answers
What is the first and most well-known cryptocurrency?
What is the first and most well-known cryptocurrency?
- Ethereum
- Litecoin
- Bitcoin (correct)
- Ripple
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Study Notes
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Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units.
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Bitcoin is the first and most well-known cryptocurrency. Other cryptocurrencies are known as altcoins.
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An entire industry of other digital assets has grown up around cryptocurrencies, with each coin or token traded for profit.
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Cryptocurrency options are a derivative financial instrument that derives its value from the price of another asset, in this case, the underlying cryptocurrency.
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Before trading cryptocurrencies, it's important to understand the assets and technologies involved comprehensively.
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