Frequently asked questions
What are Cryptocurrencies?
A cryptocurrency is a financial technology innovation that provides a fully digital and secure ‘money token’ for the digital age, governed by decentralised computer cryptography through the blockchain instead of centralised banking and national economic policy.
Bitcoin, created in 2008, was the first cryptocurrency, and within its code was the foundation for what was later named ‘the Blockchain’, that have since birthed over 8,000 alternative cryptocurrencies and crypto-assets, called Altcoins; such as Ethereum, Ripple and Litecoin.
Simply put, the cryptocurrency technology is the next phase in the 3,000-year evolution of the financial technology known as money, and now we can transfer value across the world in the blink of an eye.
What is the Blockchain?
Blockchain is like a cloud-based network that decentralises data, allowing us to perform transactions directly peer-to-peer, instead of relying on intermediaries that charge for third party services.
Through the Blockchain, a secure ledger of verified transactions is constantly updated by network nodes and the master copy of the distributed ledged is kept with every single user of that Blockchain. Think of it like a giant spreadsheet on the cloud that updates itself and everybody has view-only access.
Should I invest in Cryptocurrency and Blockchain Technology?
Cryptocurrencies are simply the next stage in the evolution of financial technology, and it is still in its infancy. As with any emerging technology, it presents both high-risk and high-reward opportunities.
For investors looking to diversify their portfolios with early stage high-growth investments, cryptocurrencies present an accessible investment opportunity. Please seek investment advice prior to investing in any cryptocurrencies.
How do I invest in cryptocurrencies?
Before investing in cryptocurrencies it is important to learn more about the blockchain and Bitcoin technology. Should you wish to invest in the emerging technology, we recommend that you contact a cryptocurrency investment specialist for advice.
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What is Nikolin?
Simply put, Nikolin™ turns cryptographic power into digital gold.