How to research a cryptocurrency?

When researching, make sure to note down positives and negatives about a cryptocurrency, so at the end when you are done you can quickly see whether it is worth investing in the cryptocurrency and also to keep a good overview when researching! The first and most important thing that you should research is the actual White Paper.

What is cryptocurrency and how does it work?

Cryptocurrency is decentralized digital money that’s based on blockchain technology. You may be familiar with the most popular versions, Bitcoin and Ethereum, but there are more than 9,000 different cryptocurrencies in circulation. How Does Cryptocurrency Work? A cryptocurrency is a digital, encrypted, and decentralized medium of exchange.

Does cryptocurrency have a central issuing authority?

Cryptocurrencies don't have a central issuing or regulating authority, instead using a decentralized system to record transactions and issue new units. What is cryptocurrency? Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions.

How are cryptocurrency transactions recorded?

Transactions are recorded in “blocks” that are then linked together on a “chain” of previous cryptocurrency transactions. “Imagine a book where you write down everything you spend money on each day,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax.