You’ve heard it, I’ve heard it, we’ve all heard it. ‘Cryptocurrency’ is the hot new word of the year. But what is cryptocurrency? Read on to know all about it.
It’s the rage of the season. Everyone from school students to seasoned investors is talking about it. Cryptocurrency has taken the financial world by storm and has shaken the foundations of money and transactions as we know them today. But, before examining why cryptocurrency is so revolutionary, let’s first understand what it is.
The Tech Behind Cryptocurrency
Cryptocurrency, or just ‘crypto’, is a digitally encrypted currency that is encoded on a blockchain platform and is native to it. Blockchain platforms signify a new way of recording and conducting virtual transactions by encrypting them in the form of blocks that contain information and time stamps of the data. As the virtual asset/data changes hands, more and more blocks are added to the chain, thus strengthening the blockchain and making it tamper-proof. Many kinds...
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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...