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BITCOIN 101: A beginner's guide to understanding the cryptocurrency, illustrated like a children's book

Feb 2, 2018, 01:06 IST

Cash App

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Bitcoin, the digital currency that's been monopolizing conversations, has grown rapidly in value in the last year. Unfortunately, it's not always an easy concept to understand, much less to get involved in.

Now, Cash App, Square's payment app that lets friends settle debts, is inserting itself into the cryptocurrency craze by giving many of its users the option to trade and hold bitcoin instantly. CEO Jack Dorsey says the feature is "the first step" to making bitcoin more widely accessible, so the team also built a beginner's manual for bitcoin to further the effort.

The scrollable explainer features abstract illustrations like a children's book and provides a high-level synopsis on what bitcoin is, where it came from, and how it works, all in easy-to-understand language.

The last page includes a bitcoin FAQ, along with a page that lists some risks to owning bitcoin. So far, the explainer has gotten some great reactions on Twitter.

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You can scroll through the slides to get the full explainer here:

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