In the last few years, cryptocurrencies have grown in popularity. The crypto market is believed to be profitable but is no less than a roller-coaster ride. Indeed, many cryptocurrencies have already evaporated with the recent crash in prices. But the ingenious technology underpinning cryptos will transform the nature of money and finance.
With so much jargon and other unfamiliar words in the world of crypto, it can be very confusing for newbie investors to understand the crypto-sphere. In today’s column, we’ll be busting the most common myths circulating in the crypto-world.
Myth No 1: Cryptocurrency will be widely used for payments
Cryptocurrencies such as Bitcoin and Ethereum were originally designed for making payments without the need for fiat currencies, credit cards, debit cards or anything that is ‘centralised’.
The white paper, written by Satoshi Nakomoto, a pseudonymous Bitcoin creator, clearly states that it aims to facilitate transactions between “any two willing parties...
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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...