Making sense of bitcoin, cryptocurrency and blockchain

Making sense of bitcoin, cryptocurrency and blockchain

PWC

Bitcoin, cryptocurrency, blockchain… So what does it all mean?

Let’s start with some quick definitions. Blockchain is the technology that enables the existence of cryptocurrency (among other things). Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

Learn more about these concepts at the above link to the article!

By David Cota-Buckhout
David Cota-Buckhout Assistant Director of Alumni Engagement and Career Support