Ludovic Botomisy

The Best Ways To Make Money With Cryptocurrency

What is Cryptocurrency? Cryptocurrency is a form of digital money that is designed to be secure and anonymous. Unlike traditional forms of money, no one country or jurisdiction issues cryptocurrency, and it isn’t backed by gold or other precious metals. Instead, cryptocurrencies use cryptography (the science of secret codes) to keep transactions secure and create new coins in a process called mining. Because cryptocurrencies aren’t managed by a government, their value is completely determined by supply and demand. This means that their value fluctuates frequently and is determined by market conditions. Because of their fluctuating value and anonymity, cryptocurrencies have become favored for criminal activity such as money laundering and drug dealing. Governments are now beginning to crack down on this activity and regulate cryptocurrency trading.