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What is cryptocurrency?

cryp·to·cur·ren·cy
ˈkriptōˌkərənsē/
noun


  1. a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
    "decentralized cryptocurrencies such as bitcoin now provide an outlet for personal wealth that is beyond restriction and confiscation"
  In this digital age, we may all soon switch to cryptocurrency.  Why?  It may very well be more secure.  As our credit cards are getting hacked, our bank accounts are being drained, cryptocurrency may be just what we need in our economy.  Not just the United States economy, the entire world economy. 

But, there is much debate about cryptocurrency.  Who will regulate it?  How much is out there?  How much money is it worth?  There are so many questions that need to be answered before a whole nation or an entire world will trust cryptocurrency..

It was stated just today, that the parent company of the  New York Stock Exchange   has been working on an online trading platform that would allow large investors to buy and hold Bitcoin.

There are more types of cryptocurrency that the most popular, Bitcoin.
  • 1) Litecoin (LTC) Litecoin, launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was often referred to as 'silver to Bitcoin's gold.' 
  • 2) Ethereum (ETH) 
  • 3) Zcash (ZEC) 
  • 4) Dash
  • 5) Ripple (XRP)
  • 6) Monero

There is a wealth of information out there about cryptocurrency,and I am no expert.  If you have an interest in , contact Mark Dukas.  Mark has been trading cryptocurrency since 2014. If you are ready to diversify your financial portfolio to include cryptocurrency, Mark Dukas Charlotte  can better help explain your investments in the cryptocurrency market.

While cryptocurrency is not a widely accepted form of payment,it's popularity has risen over the past 10 years. Whether this market keeps generating buzz and possibly making it's way to a form of payment for the mainstream is unsure at this time. But, it is most definitely worth looking into! Who knows, this may be the next Apple or Coca Cola? If you own cryptocurrency, then you may very well be the one in the millionaires club sometime in the very near future.

As with any investment,make sure this is right for your financial portfolio. What are your thoughts on this new currency? Do you have any experience ? I would love to know your thoughts.
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