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Bitcoin Explained for your Grandma

Often times, working in the blockchain industry, I am asked to explain what Bitcoin and other cryptocurrencies actually are. What is their value? How are they created? What is the point of it all? To help clarify things, I’ve defined these terms and simplified them with analogies and metaphors that even your grandmother could understand.

Monika Proffitt is a serial entrepreneur, speaker, and author of Blockchain 101: Fundamentals of a New Economy.

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