Crypto Explained

Cryptocurrency is an online form of payment that can be traded

for goods or services, just like fiat money (government issued

currency).

There are many companies who have created their own tokens

which can be traded for their own goods and services, so there

are certainly a lot of cryptocurrencies out there—nearly 7,000

according to CoinMarketCap.com, a market research website!

According to Investopedia.com, the “crypto” in cryptocurrency

refers to “complicated cryptography which allows for the creation

and processing of digital currencies and their transactions across

decentralized systems.”

Cryptocurrencies are usually developed by teams who build in

various mechanisms for issuance, usually depending on that

decentralized system.

Crypto Explained: Special Report 6

Cryptocurrencies work by using something called blockchain,

which is a decentralized technology that is spread across a great

many different computers and records and manages transactions.

It’s very secure because it’s not all in one central location, and

once a transaction is chained, it’s recorded for posterity.

Entrepreneurs have begun to utilize cryptocurrency to further

their business and increase profits. In fact, since cryptocurrencies

are both investment opportunities and new financial instruments,

there has never been a better time to get started!

Are you ready to dive into the exciting and profitable world of

cryptocurrency and blockchain?