23: Understanding Cryptocurrency With Mauricio Magaldi
Cryptocurrency, also referred to as "crypto", is a form of digital currency that has the potential to disrupt the traditional form of money. Unlike paper currencies, such as the U.S. dollar, a cryptocurrency is created and secured through encrypted data strings that are maintained by a peer-to-peer network called a blockchain. Through this secure ledger of transactions, cryptocurrencies are decentralized and are not issued by governments or other financial institutions. Popular cryptocurrencies include Bitcoin, Ether, Litecoin, and Monero. In this episode I dive deeper into the world of cryptocurrencies and blockchains with Mauricio Magaldi, Global Head of Strategy for Crypto at 11:FS . We discuss how this new form of currency was created and the potential it has to transform finance as we know it. Visit www.byfiq.com for more episodes and resources to empower your financial life.
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