By now, you’ve probably heard the terms cryptocurrency, Bitcoin, Ethereum tossed around. If you haven’t, well here’s your introduction. But even if you have heard these terms before you may still be wondering how they function in our current economy and society. I know I did. Over the last couple of weeks, I have received inquiries from many people in various industries regarding how cryptocurrencies work. Some questions I have received include, what is crypto? How does crypto work? How does cryptocurrency compare to fiat? What determines the value of cryptocurrency? The answers to these questions are
complex; but in this article I intend to answer each one thoroughly.