Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies, it operates on a decentralized network typically based on a technology known as blockchain, which acts as a public financial transaction database. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are known for their extreme volatility but have also been praised for their portability, divisibility, inflation resistance, and transparency.
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About the author
Jenna Lofton, an expert in stock trading, investing, and financial planning, combines over a decade of experience with rigorous academic training. Holding dual MBAs in Finance and Business Administration from the University of Maryland, Jenna's expertise is grounded in a deep understanding of the financial markets. Her career, which started on Wall Street, has evolved into empowering others through her insights and analyses in the dynamic world of finance.
Based in New York City, Jenna's approach is informed by her hands-on experience as a former financial advisor and her keen observation of market trends. She is known for translating complex financial concepts into actionable strategies, making her a valuable resource for both seasoned investors and newcomers to the stock market. Her commitment to financial literacy and her ability to demystify investment principles have made her a respected and authoritative voice in the investment community.