Cryptocurrency
What is Cryptocurrency? Although there are many different types of cryptocurrencies, they all have one thing in common: they operate on blockchain technology, making them decentralized. Decentralization of financial operations through cryptocurrencies has several efficiencies over the traditional financial system, including: Cuts out almost all the overhead costs associated with banks Less expensive transactions that can be sent and received internationally Inflation or finite supply that’s written into code — no need to trust the Federal Reserve Financial derivatives like trading strategies and loans can be coded directly onto certain cryptocurrency blockchains, replacing the need for financial intermediaries. The largest cryptocurrency is Bitcoin and it’s used as a “digital gold.” Essentially, Bitcoin is a commodity used as a store of value. Ethereum is the 2nd-largest cryptocurrency with a market cap of 0 billion. Developers can develop smart contracts on Ethereum’s