331 years ago, the first paper money was printed in the United States. The Massachusetts Bay Colony is said to have issued these early bills to fund military action during King William’s War. Fast forward to today, and these banknotes are as ubiquitous as the British pound or the Chinese renminbi. In recent years, however, there have also been discussions that these bills could be replaced by an entirely new form of currency: cryptocurrency.
What is Cryptocurrency? Is it really likely to replace our current cash system? Stacker answers all of these questions and more in our more in-depth look at Bitcoin and the world of cryptocurrencies. Using news stories, financial websites, and industry resources, we’ve answered the 10 most pressing questions you have about cryptocurrencies. Although the subject is complex, we have done our best to discuss it in simple terms and have avoided the more technical aspects which tend to bog down the discussion rather than move it forward.
So read on to find out who invented this new form of currency, how it is mined, and what exactly Elon Musk has to do with it all. You are sure to come away with a better understanding of what Bitcoin is and how it impacts your life.
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