What is cryptocurrency? Which one is the best to invest money
Answers
- A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.
Bitcoin, the most popular cryptocurrency is on a roller coaster crazy. It has recently gone from hitting all-time highs to $ 42,000 (34,500 euros), six times more than in the previous year, to fall to $ 29,000 (24,000 euros) a week later. Everything is a mystery around a product that nobody has seen and nobody has been able to touch. But despite the vertigo of the ups and downs and the general ignorance, many people and companies are betting on cryptocurrencies. The DUX Internacional de Madrid, a football club that competes in the Second Division B, starred in the first transfer with cyber currency on January 15 and more and more businesses accept it as a means of payment. What do we know about bitcoin and the rest of cryptocurrencies? Can we trust them? These are some of the questions investors ask themselves.