
The world of cryptocurrencies and blockchain continues to expand and there is a probability that Digital currency may become a future currency due to its unique and secured prospects. Few countries are considering making digital currency their official currency, and a number of well-known companies and their multi billionaires CEOs, such as Elon Musk and Mark Cuban are considering to use it for trading. Recently, Rapper Rafaar has become the first Indian artist to accept cryptocurrency as performance fee and he says that now he will eliminate middleman interference through this route.
For those who are tuning in for the first time, I want to let you know that DueClixVoiceFM is an educational cloud radio station, which invites professionals from different industries to share their knowledge with our listeners and today we have invited Rasheem James Northington, the spokesperson of InfoTaxSquare in our studio to explain the numerous terminologies of cryptocurrencies.
InfoTaxSquare.com is registering businesses across the United States since 2003 and so far it has established thousands of new businesses across the USA.
Rasheem, There are thousands of cryptocurrencies in existence today and it is causing a stir among the wider populace.The number of crypto enthusiasts among celebs is steadily increasing, and billionaires are plunging in this crypto race.Cryptocurrencies have caught an eye of the investors around the world. Since, digital currency is becoming increasingly popular. We, the common man, must learn about it and try to figure out how we may benefit from it.
I am sure you all must be knowing that cryptocurrency is a type of digital asset that is meant to be a medium of exchange and exists outside the control of governments and central authorities because of its decentralized structure. If you are a newcomer to the cryptocurrency world, you must have realized that there’s a whole lot of jargon and technical terms that you need to learn to fit them in your head.
I must tell you that we are neither advocates nor advisors of cryptocurrency rather our goal is to create awareness about the different features of cryptocurrency. So, Today, in our program we will cover some common cryptocurrency terminologies that can assist you in better understanding of this revolutionary technology.
Frequently Asked Questions
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Thank you for citing a wonderful example. I am sure our listeners must have gained a lot of the information that you shared with us.
Now, we have come to the end of today’s program. I want to say that in the trading and investment circles Cryptocurrency has become a hot button topic.
Every product has both positive and negative aspects. The negative aspects begin with poor experiences as a result of lack of knowledge, while the positive aspects emerge during the process that begins after going through the learning process. Due to a lack of awareness, you may come across as having a different opinion; however, it may eventually become a world-wide official digital currency due to its dynamic and transparent features once it is regularized and more people are educated.
So, With the rapid growth of cryptocurrencies, it is important to understand the differences between the terminologies involved and what they refer to.