Decentralised digital money, also known as, cryptocurrency, is based on blockchain technology. The most popular versions of it include Bitcoin and Ethereum, but there are reportedly over thousands of different cryptocurrencies in circulation.
Cryptocurrency can be defined as a digital, programmable type of currency that is now being used for trade. In an interview, Magnus Carter, author of Making More Money For YOU! Decrypting Cryptocurrency Riding the Data Path to Financial Freedom explained: “Think of cryptocurrency as trading bottlecaps or baseball cards but in a digital format. You can’t touch, feel or see it – it’s a currency that lives out in cyberspace.”
Today, cryptocurrency is being used to buy goods and services. However, most people invest in it as they would in other assets, for example, stocks or precious metals.
