Jargon Free – Keeping it simple since 2015.

Learn about cryptocurrency, how it works, how you can get involved and why you might want to! We provide UK specific guidance about companies and laws but the majority of the content of this site is meant to be relevant to all, so dive in and join us!

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Start with this page, then move on to learn about the BlockchainBitcoinEthereumThe DAO and what we are calling the Bankchain. If you already know the basics jump straight into our guides on Buying Bitcoin and Buying Ether

So why cryptocurrency

Cryptocurrency (and its innovative blockchain technology) is a rapidly growing area of interest in many sectors. Its importance should not be underestimated, we have only scratched the surface of what the technology is capable of.  Research and development is ramping up as money is beginning to pour in.

But what is cryptocurrency?

Cryptocurrency is digital currency which uses cryptography to secure transactions.

There are many different cryptocurrencies (eg bitcoin & ether) many of which act as a medium to transfer value, although many offer additional different features, often these are referred to as 2.0 (2nd generation) cryptocurrencies.

Bitcoin became the first decentralized cryptocurrency in 2009, since then the number of cryptocurrencies has increased rapidly with many hundred currently available – source

 What next?

Now begin to learn about the BlockchainBitcoinEthereumThe DAO and what we are calling the Bankchain. Just follow these links and you will begin your cryptoeducation.

If you already know the basics jump straight into our guides on Buying Bitcoin and Buying Ether

Positive signs:

The UK Government is undertaking research to evaluate the actions that it should take in response to this disruptive technology. A recent report on block chain technology by the UK Government Chief Scientific Adviser can be found Here. Currently cryptocurrency is VAT Exempt, more information can be found Here

 

From left in order of market cap (Bitcoin, Ethereum, Dash, Ripple, Litecoin, Monero) [some logos courtesy of chris@hashrabbit.co]

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