The Agile Investor by Kinoti Luke Mwiti

Author:Kinoti, Luke Mwiti [Kinoti, Luke Mwiti]
Language: eng
Format: epub
Publisher: Riziki Foundation
Published: 2020-10-17T16:00:00+00:00

Blocks store information about who is participating in transactions. Instead of using your actual name, your purchase is recorded without identifying information using a unique “digital signature,” sort of like a username.

One block store information that distinguishes them from other blocks. Much like you and I have names to distinguish us from one another, each block stores a unique code called a “hash” that allows us to tell it apart from every other block.

Blockchains are constantly growing as new completed blocks are recorded and added in chronological order, allowing market watchers to track digital currency transactions without central record keeping. Interest in blockchain development has increased rapidly in recent years, and many are looking for ways to cash in on this exciting industry.

Here are the three main ways to invest in the blockchain.

Stocks

If you want to jump into the bandwagon of blockchain investment, investing in stocks is something you may want to look at. There are companies that are exclusively offering investments in blockchainrelated technology.

For instance, Codebase Ventures Inc. (CSE: CODE; FWB: C5B; OTCQB: BKLLF) makes strategic investments in emerging sectors and markets, including cannabis, technology, and select cryptocurrencies. Codebase Ventures is led by a hands-on team of entrepreneurial and technology experts who invest in early-stage ideas. The team operates with the understanding that emerging sectors, like cannabis and technology, are evolving rapidly and can bring early opportunities for strategic investments.

Unlike many companies in the blockchain landscape, Codebase Ventures’ focus is to invest in technologies that are using blockchain in varied and innovative ways. To this effect, the company has acquired or invested in companies that use blockchain to pursue its mandate. If stocks are your cup of tea, you investing in companies such as Codebase Ventures might be exciting. However, it is not the only company that exclusively focuses on blockchain-related technology. Checkout many more.

Exchange-Traded Funds (ETFs):

ETFs offer a lower-fee alternative to stocks, and provide access to a basket of blockchain companies. Just like stocks, various companies will offer opportunities to invest in ETFs such as Amplify Transformational Data Sharing ETF, Reality Shares NASDAQ NexGen Economy ETF, to mention a few.

Cryptocurrency

Cryptocurrencies are part of the digital assets revolution and usually function as a form of digital cash. A cryptocurrency is a digital or virtual currency secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

Their advocates believe in a cashless future where these digital assets will substitute currencies such as dollars, euro, shillings, and all other currencies. When deciding to invest in cryptocurrency, there are three good primary reasons you will need to consider. First, because you want to hedge your net worth against inflation, second, because you support the social vision behind cryptocurrencies – free and hard money for the whole world. Third, because you understand and like the technology behind it. Don’t get into this space if you don’t understand how cryptocurrencies work and the risks involved.

Although cryptocurrency has only been around for a short time, it’s already expanded into a wide, convoluted universe that can be difficult to understand for the uninitiated.

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