CRYPTOCURRENCY - THE FUTURE

 Good Day Readers, 

Today we would be discussing cryptocurrency. According to "Investopedia", cryptocurrency is simply a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double spend. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation. Cryptography itself is the art of solving codes. 

The fact that they are immune to government interference or manipulation is the real wahala (problem). Let me simply put it as your money is not or cannot be insured or guaranteed by any legal entity. This leads us to quickly highlight how cryptocurrency started. Cryptocurrency stated in 1983 by American David Chaum whose sole aim was to create an online digital currency that cannot be traced by the bank or government. Ultimately the first decentralised cryptocurrency popularly known as 'BITCOIN' was created in 2009 by Satoshi Nakomoto. Since the advent of bitcoin, a lot of other cryptocurrencies have emerged such as Ethereum, Bitcoin Cash, Litecoin, Dogecoin, BAT, NEO, Ripple amongst many others. 

Cryptocurrencies are still largely unacceptable in different parts of the world and outrightly banned in some countries. The fact that it is not regulated makes it a very volatile and high risk investment. Although growing very fast and seeming very profitable, it is an investment we would advise you to embark on with spare cash in the long term. 

In other stock market news, delivery giants 'door dash' are now a publicly traded company. They are one to watch out for.

Do not hesitate to comment on the topic of discussion or ask question while also sharing.

Your Very Own Personal Financial Times.

Warm Regards,


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