Cryptocurrency is a digital currency that is backed by the blockchain. It has the ability to be converted into fiat currency, a government-backed paper currency. In addition, the transaction fees for crypto are low compared to the traditional financial institutions. Crypto is also used to refer to blockchain tokens that are used for financial transactions. The most common type of cryptocurrency is Bitcoin, which is an example of a cryptocurrency. In addition to Bitcoin, there are other types of crypto, such as Non-Fungible Tokens (NFTs), which represent ownership of real-world objects. However, unlike traditional currency, NFTs have a finite amount.…
Author: Manjiro
Manjiro
Hi, I’m Manjiro — passionate about decoding the world of finance to help you make smarter money moves. At MoneySays.net, I break down complex financial topics into simple, actionable insights so you can grow your wealth with confidence. Let’s navigate your path to financial freedom together!