What Is Cryptocurrency and Should You Invest?

As a professional of any kind, you may be looking to diversify your investments. Crypto is currently trending, but investing here is not the same as investing traditionally.

Cryptocurrencies like Bitcoin, Ethereum, and dozens of lesser-known digital currencies frequently appear in the news.

1. What Is Cryptocurrency?

Cryptocurrency is any digital store of value that one can exchange for goods and services. Bitcoin is the oldest and most well-known example of a digital currency.

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2. What Is the Purpose of Cryptocurrency?

Cryptocurrency was initially conceived as a way of as a virtual currency and alternative form of payment versus traditional banking.

3. What Is Blockchain Technology?

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These ledgers are known as decentralized networks. You can think of a blockchain similar to your account history on an online bank account.

4. What Do Transactions Look Like on the Blockchain?

Every transaction includes three critical pieces of information:

- Input - Output - Amount

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