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By Anuda Weerasinghe

Cryptocurrencies Explained: How do they work?

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Cryptocurrencies Explained: How do they work?
By Anuda Weerasinghe • Issue #9 • View online
Hello everyone,
This week, I’m sharing my new blog post where I try to explain how cryptocurrencies work by detailing everything that goes on behind the scenes during a cryptocurrency transfer from one user to another.
This is the second post in a larger series of posts about cryptocurrency, where I’ll be breaking down some of the technology and economics that power them. You can read the last post in the series, where I try to explain the drawbacks of traditional currency/banking systems and how cryptocurrencies aim to address them here.
Have a great week!
Anuda.
 

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