Cryptocurrencies have gained wide acceptance and are in active use by members of the global community. It has proven to be a good source of investment because of its high chances of skyrocketing in value within a short period. Although, just as it appreciates in leaps, so does it depreciate. The suddenness and unpredictability of…
WHAT IS CRYPTOCURRENCY? The idea behind a cryptocurrency is to create a digital currency that is secure by cryptography, making it almost impossible to replicate or counterfeit. Blockchain technology is used to power many different cryptocurrencies. It’s a distributed ledger enforced by a network of computers. Cryptocurrencies are characterized by the fact that they…
What is Cryptocurrency? A cryptocurrency is a virtual medium of exchange backed by cryptography. Most cryptocurrencies have decentralized digital networks built on blockchain technology. Blockchain technology consists of a ledger made up of databases of computers in a network. In simpler terms, cryptocurrency is a digital currency backed by cryptography and is not regulated by…
Like every other investment opportunity, cryptocurrency trading comes with its upsides and downsides. You can make huge profits on trades; in the same manner, you can make huge losses. In 2020, the price of 1 bitcoin went from $10,000 to over $40,000 sparking massive investors’ interests in the coin. Last year, some activities drove growth…