2-min read For us to understand why cryptocurrency exists, we first need to understand how money works. Each country has their own currency, issued by the government or its central bank. Mexico has the peso, US has the Dollar, Thailand has Baht, and so on. In general, this currency is called fiat. Up until the early [...]
4-min read Simply put, blockchain is a digital ledger. It can record anything, from financial data to commercial transactions to medical records to votes. It can be used by different companies, institutions, and organizations. But since we are talking about cryptocurrency, let’s focus on blockchain’s functionality in cryptocurrency. It is a special kind of database. It records [...]
https://youtu.be/QJmnbnyl_ls 4-min read Since cryptocurrency is so new, many are trying to understand it by comparing it to something else. Is it like gold? Stocks? Perhaps oil? Yes and no are the answers. Let’s talk about why it is being compared to gold first. There are many types of cryptocurrencies. There’s Bitcoin, Ethereum, LiteCoin, and others. [...]
4-min read Three things make blockchains a game changer: Level of transparency Extensive record keeping Integral connection In our video titled ‘What Is A Blockchain?’, we compared a blockchain to a traditional ledger. A single block in a block chain is equivalent to a page of a ledger. In a traditional ledger, you can change one entry [...]
A self-directed account is technically the same tax-advantaged account you may find at any brokerage firm, custodian, or bank.
