Cryptocurrency Course Online - Crypto-Quantum-Leap
A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.
Types of Crypto Currencies
The rise in the value of cryptocurrencies has been dramatic, and Bitcoin, the first and largest cryptocurrency, is now worth more than $1 trillion—nearly one quarter of all global capital markets! The popularity of cryptocurrencies is likely to continue growing as more people around the world turn to this new way to make purchases, pay bills, and transfer money online without needing a bank account or government-backed currency like the US dollar or Euro; however, there are some concerns about security and volatility in the market.
KEY TAKEAWAY
- A cryptocurrency is a form of digital asset based on a network that is distributed across a large number of computers. This decentralized structure allows them to exist outside the control of governments and central authorities.
- Experts believe that blockchain and related technology will disrupt many industries, including finance and law.
- The advantages of cryptocurrencies include cheaper and faster money transfers and decentralized systems that do not collapse at a single point of failure.
- The disadvantages of cryptocurrencies include their price volatility, high energy consumption for mining activities, and use in criminal activities.
