At a glance:
- A cryptocurrency is a electronic forex saved on blockchain know-how.
- Cryptocurrencies can be additional volatile than common investments and require many other threats.
- Vanguard’s time-examined philosophy can supply point of view on the world of electronic investing.
Like most matters with a climbing price tag, cryptocurrencies have garnered world wide recognition and desire for their sudden maximize in worth. And it’s not just Wall Road that is having to pay attention—from knowledgeable traders to men and women just starting their expense journey, several are questioning, Are cryptocurrencies a little something I should glance into?
What is a cryptocurrency?
A cryptocurrency is a electronic asset saved on blockchain know-how that serves as a form of forex or keep of worth. Not like common currencies, cryptocurrencies aren’t backed by major governments or made economies. This decentralization signifies that blockchain know-how validates these electronic transactions with out oversight or intermediaries.