What Is Cryptocurrency, and Is It Worth Your Money?

As a professional of any kind, you may be looking to diversify your investments. This story strives to provide unbiased answers to eight frequently asked questions about 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.

1. What Is Cryptocurrency?

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.

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3. What Is Blockchain Technology?

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, and Amount.

If you don’t currently have a cryptocurrency wallet, many crypto vendors will create one for you as part of the services they provide.

5. How Do Cryptocurrency Wallets Work?

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