Taking a Closer Look at Cryptocurrency

What do you know about cryptocurrency? Though it’s a hot topic much discussed by some investors, this relatively new digital currency remains potentially confusing. Gain a clearer understanding of Bitcoin and other types of cryptocurrency with these frequently asked questions.

What is cryptocurrency?
Cryptocurrency, often shortened to just “crypto,” is a type of unregulated virtual currency. It works with the help of blockchain technology, a distributed network with immutable records. The data electronically entered into a blockchain database, such as a cryptocurrency transaction, is permanently recorded. Many people value crypto for its secure encryption and decentralized nature.

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