A Beginner's Guide to Cryptocurrencies

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A Beginner's Guide to Cryptocurrencies

A Beginner’s Guide to Cryptocurrencies

With money pouring into the blockchain from investors, venture capitalists, and strategic partners, it is clear that cryptocurrencies will continue to be in the spotlight for years to come.

However, as with any newly emerging field, being in the spotlight can present a double-edged sword. It makes for an environment full of passionate and extremely technical discussion, but it also opens the door to blatant promotional pump-and-dump schemes and inflexible factions of cheerleaders or naysayers.

This clutter makes it considerably difficult for the average person to really wrap their head around the crypto space – and it creates opportunities to simplify the sector in an easy, digestible, and accessible way.

A Guide to Cryptocurrencies

Today’s infographic from BestAccountingSchools provides an introductory guide to cryptocurrencies, and it highlights the history, important terms, and statistics about the crypto space. It also profiles some of the pioneers that made it all happen.

It’s a great start for anyone looking to get up to speed on what’s happening in crypto – and we thought we would accompany it with some additional infographic resources that we have available on the topic as well.

Bitcoin’s Journey to $10,000 – This timeline chart catalogs Bitcoin’s wild 2017, in which it catapulted from $1,000 to $10,000 in just 11 months.



Comparing Crypto – This giant infographic compares the differences in design and protocol of six key cryptocurrencies: Bitcoin, Ethereum, Litecoin, Ethereum Classic, Dash, and Ripple.

The ICO Explosion – The popularity of cryptocurrency has also led to a boom in initial coin offerings (ICOs). This nifty data visualization helps to show this.

Top 25 Cryptocurrencies – This infographic showcases the top 25 cryptocurrencies, organized by different factors: market cap, trading volume, purpose, and inception date.

Intro to Smart Contracts – Cryptocurrencies aren’t just about payments – they are also being used to automate transactions to avoid middlemen. This infographic on the power of smart contracts helps to introduce these concepts.

Historical Context – All the way back in 2013 and 2014, we put together infographics documenting the first 5 years of Bitcoin’s history, as well as why we predicted that Bitcoin would eventually disrupt banking in 2014.

Do you have any other great graphical resources that could be included for a beginner’s guide to cryptocurrencies? Let us know in the comments.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

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