What Makes Crypto-Currencies So Special?
By now, maybe you know already what Bitcoin is; a global, entirely digital currency, totally separate from any particular country, government, or central bank. No single entity or government has control over the Bitcoin currency. All Bitcoin transactions occur peer-to-peer, meaning no government or third party is ever involved!
Bitcoin and other crypto-currencies are organized through a network called “block chain” which is a fancy term for an electronic ledger that keeps track of every transaction all in one place. All banks currently require a middle-man to audit the ledgers of both parties involved in a transaction. Block chain does not.
Now the idea of block-chain and crypto-currencies is starting to be embraced by Wall Street’s biggest institutions (So make sure you profit from it before they do!).