In the modern day, alternative investing strategies are an excellent way to bolster the gains you could see in your portfolio. One new unique avenue many investors have begun considering is cryptocurrency. Starting with the launch of Bitcoin in 2009, the global cryptocurrency has grown to USD 4.67 billion in 2022 and is projected to hit USD 5.15 billion by the end of 2023. Whether you are planning on full on investing into cryptocurrency or just want to gain some interest off smaller holdings, learning everything there is to know about this investment can benefit your portfolio. Cryptocurrency is a complicated topic in and of itself. In short, a cryptocurrency is an encrypted, digital medium of exchange that exists on a decentralized platform. This means that there is no government or banking central authority that regulates the currencies, as there is with common currencies such as the U.S. dollar. Cryptocurrency networks exist on the blockchain, which is essentially an open ledger that solely records transactions. It’s best to picture this as a checkbook that all computer has access to view and add entries to, though these entries are anonymous. There are two primary methods by which crypto transactions are added to the blockchain: proof-of-work and proof-of-stake.
Full story : Earning Interest on Cryptocurrency: 3 Strategies to Maximize Gains.
