What is Cryptocurrency?

What Is Cryptocurrency

Much like the the cash in your wallet, stocks in your brokerage account, precious metals secured in your vault, or even real estate that you own, Cryptocurrency is a new asset class that can also be used as a medium of exchange.  In January of 2009, right after the Global Financial Crisis, a person known only as Satoshi Nakamoto, invented an open-source peer-to-peer digital asset system called Bitcoin.  This new technology finally made it possible to have a decentralized, global asset that no intermediary, bank, lending institution or single nation could control.

Cryptocurrency is one of the most revolutionary inventions of our time and will drastically change the way we trade and establish trust between each other.  To verify and record each transaction, these systems use a distributed ledger technology known as the Blockchain. The Blockchain is a decentralized, publicly distributed ledger system that tracks and secures every crypto transaction around the world. Cryptocurrency has the potential to create an entirely New Global Monetary System completely controlled by everyone connected to the network.  Now is the time to learn, to invest, and to prepare.

Check out these great Cryptocurrency videos to learn more:

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

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When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing.

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If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

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For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

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What you think about cryptocurrency? Do you have any questions about it?  Be sure to leave a comment below.

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