Crypto currency compare1/30/2024 What is the difference between virtual currency, digital currency, cryptocurrency, and Bitcoin?ĭigital currency refers to any currency that exists online. Virtual currency is a digital representation of value and subset of digital currency. Cryptocurrency investors can buy or sell them directly in a spot market, or they can invest indirectly in a futures market or by using investment products that provide cryptocurrency exposure. How does cryptocurrency get its value?Ĭryptocurrency's value stems from a combination of scarcity and the perception that it is a store of value, an anonymous means of payment, or a hedge against inflation. The Ethereum blockchain allows users to create programmable "smart contracts" which execute only after certain conditions are met between two or more parties. Ether (ETH)Įther is a cryptocurrency that is native to the Ethereum blockchain and network. Popular Types of Cryptocurrencies Bitcoinīitcoin, the most well-known cryptocurrency, allows for direct peer-to-peer exchange of value on a decentralized payment network. Cryptocurrencies are not FDIC insured and are not protected by SIPC or CFTC regulations. However, with the introduction of smart contracts, non-fungible tokens, stablecoins, and other innovations, additional uses and capabilities for cryptocurrency are rapidly evolving. The original intent of cryptocurrency was to allow online payments to be made directly from one party to another without the need for a central third-party intermediary like a bank. It appears on a distributed ledger called a blockchain that's transparent and shared among all users in a permanent and verifiable way that's nearly impossible to fake or hack into. Environmental, Social and Governance (ESG) InvestingĬryptocurrency is a virtual currency secured through one-way cryptography.Bond Funds, Bond ETFs, and Preferred Securities.ADRs, Foreign Ordinaries & Canadian Stocks.Environmental, Social and Governance (ESG) ETFs.Environmental, Social and Governance (ESG) Mutual Funds.Benefits and Considerations of Mutual Funds.
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