Who should be investing in cryptos?
Risk-seeking investors with a time horizon of 3+ years. A longer investment in cryptocurrencies has tax benefits and has historically provided significantly higher returns when compared to traditional asset classes.
Who uses cryptocurrencies?
An estimated 100-200 million people directly utilize cryptocurrencies all over the world. They do so for a variety of reasons but predominantly they serve as an alternative store of value or a convenient medium of exchange. Cryptocurrencies cater for any scale of organisation, from the individual, all the way up to nation-states.
What is a blockchain?
In simple terms, a blockchain is a digital network, used for sharing and recording of information. Anyone can join the network and validate transactions, giving blockchain the characteristics of being decentralised.
How do I store cryptocurrencies?
Storing a cryptocurrency is essential to avoid the loss of your digital asset. Since cryptocurrency is intrinsically information, custody requires the storage and safe keeping of sensitive information that needs to be kept private.
What is cryptocurrency mining?
Mining or hashing is the process by which new cryptocurrencies are created and distributed. With the most common and widely used are Proof of Work (PoW) and Proof of Stake (PoS).
What are the investment opportunities?
The cryptocurrency sector has multiple investment opportunities. These include digital currencies, blockchain technology, the metaverse, NFTS and more.
What is DeFi?
Decentralized finance refers to transactions that occur on a blockchain, removing the need for any intermediaries to facilitate the transaction. DeFi has the potential to disintermediate, reduce costs and make financial services more efficient and accessible.
What are NFTs?
NFT stands for Non-Fungible Token and is a unique digital object whose uniqueness is verified on a blockchain. The predominant use case for NFT’s has been applied to digital art and digital collectables.