Ever heard of Bitcoin, Dogecoin, Litecoin, XRP or Ethereum? They’re actually types of cryptocurrencies (aka digital money). And they’re trending everywhere you look. Cryptocurrencies let you buy goods and services, use apps and games or trade them for profit. But here’s the million-dollar question: Should you invest in cryptocurrency? Let’s unpack what in the world crypto is first. What Is Cryptocurrency Cryptocurrencies are digital assets people use as investments and for online purchases. You exchange real currency, like dollars, to buy “coins” or “tokens” of a certain kind of cryptocurrency and is stored in digital wallets . Much of the interest in cryptocurrencies is to trade for profit, with speculators at times driving prices skyward. How Does Cryptocurrency Work Cryptocurrencies run on a distributed public ledger called blockchain , a record of all transactions updated and held by currency holders. If you own cryptocurrency, you don’t own anything tangible. What...
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