Let’s start with some basics — like what is cryptocurrency and how does it differ from other currencies? Most currencies up until now were issued and backed by a specific nation. Cryptocurrency is an entirely digital currency that is not associated with or controlled by any nation, bank, or other financial institution. It is entirely virtual. The first cryptocurrency — Bitcoin — was created in 2009 in response to the 2008 financial crisis. The intent was to allow individuals to have complete control of their own money and avoid issues such as failing banks (or nations) or the possibility of having their assets seized or frozen. Transactions are peer-to-peer and do not rely on banks or governments.
Cryptocurrency transactions are generated, secured, and verified using cryptography to keep the transactions safe. The records of transactions are grouped into “blocks” and included in what is known as a “blockchain” — a data file with a chain of sequentially added blocks of...
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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...