What‌ ‌is‌ ‌Cryptocurrency?‌ ‌ 8‌ ‌Common‌ Questions‌ ‌Answered‌

What‌ ‌is‌ ‌Cryptocurrency?‌ ‌ 8‌ ‌Common‌ Questions‌ ‌Answered‌

This article strives to answer eight frequently asked questions about cryptocurrency in the most unbiased manner possible.

We will follow that up with questions you should ask yourself or a financial professional before investing in digital assets.

Cryptocurrency is any digital store of value that one can exchange for goods and services.

What is Cryptocurrency?

Cryptocurrency was initially conceived as a way of as a virtual currency and alternative form of payment versus traditional banking.

What Is the Purpose of Cryptocurrency?

What Is Blockchain Technology?

All cryptocurrency transactions are recorded on a blockchain public ledger. These ledgers are known as decentralized networks.

What Do Transactions Look Like on the Blockchain?

Every transaction includes three critical pieces of information: Input, Output, and Amount.

Questions To Ask Yourself Before Investing in Cryptocurrencies

Questions To Ask Yourself Before Investing in Cryptocurrencies

Should I Hire a Financial Advisor Who Specializes in Cryptocurrencies?

Should I Hire a Financial Advisor Who Specializes in Cryptocurrencies?

Before deciding to invest on your own, it’s worth considering if you should hire a financial professional who is a cryptocurrency expert.

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