What is Crypto Currency, Dogecoin and what is this whole thing about Elon Musk on SNL?? We are not experts but we breakdown the terminology, because why not?? Women need to talk more about investing their money and diversify their investments.
Here are some resources:
https://www.forbes.com/advisor/investing/what-is-cryptocurrency/
https://thecollegeinvestor.com/21245/top-10-bitcoin-crypto-investing-sites/
Marketwatch.com
Robinhood.com
CNBC.com
Binance.com
Here are some definitions:
1. Crypto Currency: a medium of exchange that is digital, encrypted and decentralized. Banks and governments have centralized currencies. Crypto does not belong to one entity.
2. Blockchain: an open, distributed ledger that records transactions in code. Imagine the Matrix with blocks of code and Neo is the chain that links it all.
3. Mining Crypto: how crypto coins are released. Programmers create the coins through code and house the code on servers.
AND for fun, here is one of the SNL skits with Elon Musk talking about Dogecoin: https://www.youtube.com/watch?v=x5RCfQyTDFI
