Imagine sending money across the world in seconds—without waiting for a bank transfer or filling out piles of forms. That’s the promise of cryptocurrency.
Cryptocurrency is digital money that doesn’t require banks. Instead, your funds are secured by encryption and passwords only you control. When Bitcoin launched in 2009, it introduced a new way to move money: one that’s public, secure, and completely decentralized.
Today, over 560 million people own crypto, and that number is growing fast. Whether you’re curious about investing, building a finance career, or simply understanding this digital revolution, here’s what you need to know.
Cryptocurrency is digital money built on a blockchain, a shared ledger that anyone can view but no one can alter without network agreement. Instead of a bank verifying your transactions, a distributed P2P (peer-to-peer) network of computers, called nodes, confirms and records them.
Think of it as a giant spreadsheet that thousands of people keep in sync at once, with no bank middleman or hefty fees. When you send crypto:
You may have heard the term “fiat money” if you’ve ever dabbled in crypto. That’s the name for government-issued money, like the U.S. dollar, Euro, or Japanese yen.
Traditional fiat money is received through traditional methods like cash, direct deposits, and bank withdrawals. But cryptocurrency transactions follow a different path.
There are three common ways to build a crypto balance:
While crypto isn’t replacing your bank card just yet, you can already use it in surprising ways:
Your crypto doesn’t sit in a physical wallet. Instead, you store it in a digital vault that holds your keys and lets you send and receive cryptocurrency.
There are two main ways to store your crypto:
These wallets give you control over your digital assets—no banks, no central authority. But if you lose your keys and seed phrase? Your assets are gone forever.
Regulations for crypto are evolving quickly—like the U.S. GENIUS Act and the European Union’s MiCA—but personal security is still your responsibility.
Scams happen. Watch out for fake “airdrops,” shady exchanges, or too-good-to-be-true returns. Do your own research and stay up to date. Like cash under a mattress, once a criminal steals your cryptocurrency, it’s gone.
Here’s how to protect your cryptocurrency assets:
By 2026, the number of cryptocurrency owners could climb close to one billion. The payment market alone is projected to reach nearly $100 billion by 2026.
Finance leaders need to stay ahead of this shift. Markets are evolving fast, and crypto is expected to become more widely accepted as legal tender. Financial experts will need to master new terms like:
Crypto is disrupting how people move money, how markets behave, and how regulation adapts. Understanding the basics of cryptocurrency now will ensure you’re ready to lead in a financial world that looks very different than it did ten years ago.
Think you’re up for the challenge?
Are you a future financial analyst? A fintech entrepreneur? Or maybe a crypto asset manager?
No matter where you are on your financial journey (or where you’re heading), The University of Texas Permian Basin can help you become a confident leader in the financial world of tomorrow.
Our programs combine finance fundamentals with insights to navigate emerging, innovative markets. Choose from the following online degrees:
You’ll keep up with new financial technology, master the market, spark innovation, practice smart risk management, and learn from key players in the world of finance.
Curious where your passion can take you? Explore UTPB’s online finance programs and start building the skills that will shape your future.
Source:
https://www.coinbase.com/learn/crypto-basics/what-is-proof-of-work-or-proof-of-stake
“I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful.” –Warren Buffett, American investor and billionaire Think about the last investment you made. Then think about why you made it. Did it make sense? Our investment choices often don’t come from a…
In today’s complex financial world, understanding the basics of financial literacy is crucial for personal and professional success. It empowers individuals to make informed decisions about their money and prepares them for future opportunities, such as advancing their careers through programs like those offered by The University of Texas Permian Basin. This article provides a…
A finance degree offers its holder many rewarding, potentially lucrative professional paths. Whatever your career aspirations are in pursuing a finance credential, The University of Texas Permian Basin offers online program options that can empower you to fulfill them. Our graduates are applying their expertise at some of the world’s top financial institutions, energy companies,…