WHAT ARE CRYPTOCURRENCIES?
Cryptocurrencies are digital currencies that exist on distributed computer networks. This allows anyone to freely exchange value and information without the need for third parties, facilitating peer to peer exchange without any central points of failure or control. The underlying technology that has made this possible is known as blockchain or distributed ledger technology.
Blockchains are a decentralized computer networks, consisting of participants that verify, maintain and secure all transactions and changes made within the network. It is this decentralized verification system that enables the free transaction of value and information without a trusted third party like banks and notaries.
The blockchain explained
The blockchain is a public ledger where all transactions and changes are grouped in blocks. Together these blocks form a chain, representing the complete history of the ledger. This is where we get the term blockchain from.
This short video explains what a blockchain is and what different innovations we can expect utilising this technological breakthrough.
Why we believe in cryptocurrencies
The practical applications of cryptocurrencies are boundless. There has been more than a billion dollars invested in companies building new businesses on top of these cryptocurrencies. However, we believe that there is more potential value in investing directly in the cryptocurrency networks themselves as opposed to investing in these various companies. After all, every successful business built on top of a cryptocurrency will add value to the entire network.