What is cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is not issued by any central authority, making it decentralized. Bitcoin, the first and most well-known cryptocurrency, was created in 2009.
Cryptocurrency benefits:
– Transactions are fast and cheap. Because there is no central authority, there are no intermediaries. This means that transactions can be processed very quickly and at a lower cost.
– Cryptocurrency is global. It can be used by anyone, anywhere in the world.
– Transactions are secure. Cryptocurrency uses blockchain technology, which is a distributed database that is secure and tamper-proof.
– Cryptocurrency is private. Transactions are pseudonymous, meaning that they are not linked to your identity.
Why use cryptocurrency?
– Freedom and control. You are in control of your own finances with cryptocurrency. There is no central authority that can freeze your account or reverse your transactions.
– Protection from inflation. Cryptocurrency is not subject to inflation, because it is not issued by a central authority. This means that your savings are protected from devaluation.
– An investment opportunity. Cryptocurrency can be volatile, but it has the potential to offer high returns.
The Do’s & Don’ts of Gifting Money With the holiday season already in full swing, you’ve probably already started Christmas shopping. You’ve made a list and checked it twice, but there are still a few people that it’s hard to buy for. You know that they would really appreciate some extra money in their pocket, …
Would you like to know how to improve your finances with the help of cryptocurrencies? In this article, we are going to explore several methods that will allow you to obtain a solid ROI. From showing you how to buy XRP and other cryptocurrencies, to claiming airdrops, this guide is exactly what you need right …
“DeFi” stands for “decentralized finance,” and it refers to financial services that are based on open-source blockchains rather than proprietary systems. A smart gadget with an internet connection is all that is needed to manage one’s assets without the need for centralized financial middlemen. With a non-custodial asset management platform like Zerion, investing in DeFi …
4 Defi Investment Strategies To Help Grow Your Crypto Portfolio Read More »
Stay in Touch With Us
Get latest from The Financially Independent Millennial in our Friday Newsletter
