There’s a modern-day gold rush happening right now, but it isn’t nearly as simple as panning water in the hills of Dakota. It’s called cryptocurrency and its impact is being felt not only in the global financial markets, but on the Earth itself.
The problem is that the very idea of cryptocurrency is one that’s vague and confusing to many people. But given the ripple effects it’s been producing and will continue to produce, it’s important to become familiar with it, regardless of whether or not you see it as a positive or negative.
Cryptocurrency is a digital currency, an alternative form of payment created by using encryption algorithms. The use of these technologies means that cryptocurrencies serve as currency of their own and as a virtual accounting system.
Cryptocurrencies can only…
