CRYPTOCURRENCY – WHAT IS IT?

Cryptocurrency, simply, is a digital or virtual currency secured by cryptography. What? This makes it virtually impossible to counterfeit or double spend. These are not a recognized physical monetary objects.

Cryptocurrency, for the most part, are NOT issued by any central authority. This means immune from government manipulation. Things could change though….

Bitcoin

Cryptocurrency is based on blockchain technology. What? Blockchain technology is a digital platform behind Bitcoin and other cryptocurrencies like Solana, Avalanche, Cardano to name a few. Blockchain is intent on creating faster ways to transmit, receive, and track orders using secure data.

Crypto.com | This is a website that allows you to buy, track, and sell various currencies. You can purchase micro percents too. Today, Jan. 5 2022, you can purchase Bitcoin (the mega currency) at roughly $43,878. If you can’t afford to buy a Single BTC, you can purchase 0.01 BTC at $442.46 and be a player.

There are Pro’s and Con’s of being in the crypto market. Some have sold their shares and come out millionaires and some have lost just about everything.

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