Decoding Digital: What Is Cryptocurrency: A Simple Guide To Understanding Digital Currencies And Profiting From The Next Boom In The Industry by Camden Cahill
Author:Camden, Cahill [Camden, Cahill]
Language: eng
Format: epub, azw3
Publisher: Decoding Digital
Published: 2020-07-12T16:00:00+00:00
The stock can be bought, sold, traded, or moved around. The stock is legally bound by rules and regulations set by the government. These rules and regulations mean the company itself has to do certain things to be able to sell these tiny pieces of their company on the stock market.
Coins, tokens, or cryptocurrencies all mean the same thing. They represent the perceived value of something on a particular blockchain. It’s a very fine detail, but you’ll notice I did not say it represents a tiny fraction of the underlying organization, company or blockchain itself. It doesn’t.
And this is where many people get confused.
When you buy a cryptocurrency, coin, or token, you are not buying a piece of that organization. Instead, what you’re buying is the coin or token that can only be used on that specific blockchain, for only the purposes specified by that blockchain. You’re buying your coin or token, at a discounted rate today in the hopes that in the future it will be worth more. The organization or company itself stays private and you have no stake or claim to it. Here’s a fictional example:
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Decoding Digital: What Is Cryptocurrency: A Simple Guide To Understanding Digital Currencies And Profiting From The Next Boom In The Industry by Camden Cahill.azw3
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