Jerry Smith

Beginner's Guide to Trading Cryptocurrencies

What is Cryptocurrency? Cryptocurrencies are digital assets that are used as a form of payment. The most notable example of this would be Bitcoin. Cryptocurrencies are maintained by a decentralized network of computers around the world. These computers use cryptography (hence the name) to create new coins and verify transactions. The main attraction of cryptocurrencies is that they allow for quick and cost-effective online transactions. Unlike a credit card, you don’t have to go through a centralized system to verify the transaction. Instead, the payment is verified by the network of computers that is running the currency.