Crypto currency is a risky investment with the potential for high rewards. It’s important to understand these risks before investing.
What is Crypto currency?
Crypto currencies are digital currencies that use cryptography to generate new units of currency. Blockchain is a decentralized, distributed ledger that records all transactions without the need of a third party. Bitcoin is a decentralized cryptocurrency first introduced by Satoshi Nakamoto.
Cryptocurrency, or digital currency, can be used as a medium of exchange and should not be confused with electronic money. Cryptocurrencies are a subset of digital currencies and provide a decentralized way to make transactions without involving any third parties.