Cryptocurrency Basics | 7-6-26

How Does Cryptocurrency Work? Cryptocurrency Basics

In this webcast, we discuss what the blockchain is and how it works. We also talk about proof of work vs. proof of stake. Additionally, We examine the concept of a "wallet".

July 6, 2026•Ben Watson • Advanced

How Does Cryptocurrency Work? | Cryptocurrency Basics

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Digital currencies such as bitcoin are highly volatile and not backed by any central bank or government. Digital currencies lack many of the regulations and consumer protections that legal-tender currencies and regulated securities have. Due to the high level of risk, investors should view digital currencies as a purely speculative instrument.

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