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A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology – a distributed ledger enforced by a disparate network of computers.
A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.
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Just like traditional forex trading, when you trade a cryptocurrency you’re simply speculating on whether the price of an individual asset – such as Bitcoin – will rise or fall.
As a trader, you have the choice of many trading platforms that give you different options for trading. But the Quivox trading platform allows you to get a better trading experience and use various indicators and advisors when trading cryptocurrencies.
A blockchain is a decentralized network that uses many elements to ensure the integrity of transactions. This network is completely decentralized and anonymous. No central computer or authority keeps a copy of the transaction records on the blockchain, and all records are publicly available.