Should You Invest In Doge Coin?
Cryptocurrency, also known as virtual currency took the world by storm in 2017. Four years later, we're seeing bitcoin reaching record highs – before stumbling back down over the weekend. Beyond all the hype around digital currencies, are they a good investment? That depends on your tolerance for risk when building your portfolio and your long-term investment goals. We can start by learning more about what you're looking to invest in. How does blockchain work? A blockchain is a decentralized and distributed ledger that can be accessed by many different parties simultaneously. When a transaction is completed, it is recorded on a "block." When a block's memory is full, it is added to the end of the blockchain, always in successive order. It then becomes part of the permanent database of transactions of the blockchain. For the purposes of bitcoin, the blockchain records transaction details, such as the amount and time, but not personal details of the ...