A cryptocurrency is a form of digital or virtual money protected by cryptography and virtually impossible to duplicate or counterfeit. Cryptocurrencies are decentralized networks based on blockchain technology, which uses a network of computers to enforce a decentralized, distributed, and public digital ledger to record transactions that cannot be changed in the past.
We always hear about the incredible returns that cryptocurrencies may provide and the potential influence that blockchain technology will have. However, there are a few things you should consider before investing in cryptocurrencies.