What is Cryptocurrency?
I probably shouldn't be posting about this but here goes. WTF even is a crypto currency? If you aren't familiar - crypto currencies are a new(er) type of currency that exist exclusively in the digital realm. They are "mined" by computers solving hashing algorithms to encrypt the currencies. They are based on Block Chain technology which basically means that every transaction is recorded in a block, encrypted, and then built upon providing a chain of evidence so that nothing can be falsified. (It is WAY more complicated but I'm explaining from a very high level.) So should I just buy bitcoin and get on the bandwagon? Probably not. This is a HIGH risk, high reward scenario. You would need to do a LOT of research or have a lot of money to spare to be able to spend time investing/trading/mining crypto currencies. If you are reading this blog, you probably want to invest your money in something a bit safer. Now, the technology behind cryp...