Cryptocurrencies are one of the fastest-growing sectors in the tech industry. The idea of digital money that can be used anywhere and by anyone is still new and exciting, and it’s projected to explode this year. But what exactly is cryptocurrency? Also called “crypto” or “digital currency,” cryptocurrency is a currency that is stored in a digital wallet and traded between users. It uses technology — specifically blockchain — to make transactions more secure and transparent than traditional payment methods such as credit cards or bank transfers.
There are more than 12,000 cryptocurrencies available today, including Filecoin (FIL) and Elrond (EGLD), with more, such as Rocketize (JATO), being introduced. These tokens use some variation of blockchain technology for security purposes: the decentralised nature of blockchains means no central authority or bank is controlling them. Instead, transactions are recorded publicly on their distributed ledger (the blockchain), which means that...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...