Every now and then we hear and read about “cryptocurrency". While it is known that it is a digital currency, there are still a lot of questions that needs to be answered in order to paint a clear picture of what cryptocurrency really is. Bitcoin, one of the leading cryptocurrencies has captured the minds of many young investors and millennials. Keeping the rapid ups and downs in their prices and their functionality in mind, here are some things to know about cryptocurrency and watch out for. 1. What exactly is a cryptocurrency? Essentially, a virtual currency, which can be used to buy goods and trade, cryptocurrency works using a technology called ‘ blockchain ’. A decentralized (not issued or backed by any government authority or system) technology spread along a network of computers. Cryptocurrency, unlike paper money has no physical form, they are just information stored digitally,...
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