5 Ways to Look for Researching a Cryptocurrency
Select an Image Photo by Glenn Carstens-Peters on Unsplash Finding the right cryptocurrency to invest in can be a daunting task. But there are some things you should look for when evaluating a coin before testing the waters with your hard-earned money. If you’re interested in trading a cryptocurrency and want to learn more, here are five things to research before diving in. Find the Purpose The majority of cryptocurrencies are created as a reward for validating data blocks that are used for purposes outside of sustaining the currency itself You may be aware if you’re a Bitcoin tribalist that Bitcoin doesn’t pass this test This is not to say that Bitcoin is a scam, bitcoin has existed long enough and has enough demand that it can sustain itself No other coin participating in this game is probably capable of claiming that In other words, while any coin that claims to be the next bitcoin is certainly a scam, bitcoin itself is not a scam 2. Find the Whitepaper Cryp...