In February of 2018, Robinhood began allowing its users to trade two of the most popular cryptocurrencies Bitcoin and Ethereum. For many Robinhood users, before Robinhood Crypto came about, they had no idea where they could buy cryptocurrencies. Robinhood opened up the world of digital currencies to average investors through Robinhood Crypto. One upside is that these transfers are done without those pesky processing fees that retailers often mourn. In order to forge a transaction, you'd need to trick a majority of the nodes, and with a network as wide as Bitcoin currently has, that would be quite an impressive feat.Ĭoins can be sent directly to another individual or business and used as payment for goods or services. That's because there are many different nodes in the network keeping track of transactions. Cryptocurrencies are unique because they are almost impossible to counterfeit. Instead, cryptocurrencies are secured by cryptography and are run on decentralized networks utilizing blockchain technologies. A cryptocurrency is a virtual form of money that is not issued by a central authority like a government.
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