Do not miss out on this new asset class which has taken the financial markets by storm over the past few years.
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What Are Cryptocurrencies?
The world’s first cryptocurrency, Bitcoin, was released to the public in 2009 as a decentralized alternative to fiat currencies which are issued by governments and controlled by central banks. Since then, Bitcoin has skyrocketed in value, and many other cryptocurrencies have emerged in this exciting market.
Cryptocurrencies maintain records of all transactions of a particular token via a public digital ledger known as the blockchain.
This digital ledger uses cryptography in order to verify the validity of these transactions. Generally, there is no centralized entity that makes decisions on governing the blockchain, but rather the community of investors of the particular cryptocurrency makes decisions collectively.
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