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06.12 - 14:09
New age investing: Why cryptocurrency is the new investment fad?
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financialexpress.comBy Moinak Maiti and Parthajit Kayal It’s been more than a decade since the first cryptocurrency, Bitcoin, was launched in 2009. Since then, the cryptocurrency market’s popularity has been growing as it has generated quick wealth for many investors despite the high risks associated with it. Today there are thousands of different cryptocurrencies out there for investment. Popular examples are Bitcoin, Ethereum, Dogecoin, XRP, Ripple, etc.
Characteristics of cryptocurrencies So, what exactly is a cryptocurrency? To understand it, let us break the term ‘cryptocurrency’ into two: “crypto” and “currency”. The word “crypto” here refers to hidden information. The hidden information includes the details of the owners and payments details that are
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