Today Gloria is joined by her friend Runda. They discuss what cryptocurrency and what blockchain is, how it works and how it’s revolutionized accounting. We chat about things you need to know before investing in cryptocurrency. Hope this helps others understand cryptocurrency better!
- Cryptocurrencies are digital currencies that are encrypted. There is no central bank so it’s decentralized.
- Think of blockchain as a giant history book of transactions. Each transaction is verified by different computers on the network.
- All cryptocurrencies have a blockchain but not all blockchain have associated cryptocurrencies.
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Thanks so much for tuning in!