Cryptocurrency



A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency. Cryptocurrencies use decentralized control as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through distributed ledger technology, typically a blockchain, that serves as a public financial transaction database.

The decentralized nature and the lack of governmental control over cryptocurrencies has managed to attract a number of investors to try their luck with them, something that has not gone unnoticed by Ghost.

Ghost's Coverage
From early 2017, Ghost started to shift the focus of his markets section towards cryptocurrencies which he correctly speculated to significantly increase in value in the future and even hinted at the possibility that it will replace the Central Banking System. Ghost has recommended people to begin hoarding it as much as possible as a long term (2-3 year) investment. He has recommended people to use Exodus and Jaxx as their digital wallets and to acquire a third party debit card that you can fill on your own to avoid possible problems with banks trying to stop cryptocurrency transactions and to use Changelly service and Livecoin trading for transferring between the currencies. For mining purposes he recommends people to use Genesis Mining server farms or possibly a self assembled rig if you have the money, time and technical know-how to work with such devices. Recently as an alternative to these more complicated mining processes, Ghost has begun promoting a program named Honeyminer, which claims to make it profitable for even a laptop to mine Crypto.