What Is Crypto Currency?
Cryptocurrency is a digital currency that doesn’t have a central authority. Instead, its transaction and ownership data are stored in a digital ledger using distributed ledger technology, most commonly called a blockchain. To keep track of all cryptocurrency transactions and ownership data, users can view the digital ledger using a browser. This technology has several advantages. For example, it helps prevent money laundering. In addition, cryptocurrency is not subject to regulation, so investors are more likely to get their money back. Investing in cryptocurrencies Investing in cryptocurrencies can be a lucrative way to build wealth, but it can also be a risky venture. Though volatile, it is also a great way to diversify your portfolio and build wealth over the long term. It has gained considerable traction in recent months and is now catching up to stock trading as the preferred wealth building tool for American investors. According to a recent survey, 13% of Americans ha...