Ways To Invest in the Blockchain Boom
Cryptocurrencies are worldwide and legal to a large extent, but unregulated. We need to understand, the blockchain is not coins or tokens. The blockchain is a decentralized record of all transactions on a given system. It is a private ledger which is secure, tamper-free and doesn't need a middleman. The blockchain maintains a record of how much cryptocurrencies you can transact to. Cryptocurrencies need to have the blockchain to allow it to make transactions.
Today, in the modern world, we need to have private, transparency and security concepts in the digital technologal environment. Bitcoin was the first application which made use of the blockchain technology.
In this early stage of the blockchain, we can invest in it by/from the riskiest to the safest. To invest in tokens and coins (cryptocurrencies) will be the riskiest way to invest. The less risky way is to learn the blockchain development before investing. The most direct way to invest in the blockchain is via cryptocurrencies. You also invest in the people employing the technology and vision. When you invest in cryptocurrency tokens and coins it is a technology which is not so secure because it can be hacked.
Open source in cryptocurrency is essential for building trust and safety into blockchain networks, and it is transparent.
The blockchain is a new technology which can solve problems and is not an application like Bitcoin. To invest in the blockchain is less risky than in cryptocurrencies. In these early stages of the blockchain today, there are plenty of startups which produce coins, tokens, and transfer cryptocurrencies to one another without using a middleman. Businesses have a playground wide open like for pharmacies, finance, real estate which work with massive quantities.
A very safe way to invest in the blockchain is in the Exchange-Traded Fund (ETFs). It is actively managed by managers who are playing the emergence and evolution of the blockchain application and not the hype. It is much like stocks, and a very new concept. This is a basket of publicly trading stocks of companies, they don't invest directly into cryptocurrencies.
The best way, for now, is to invest time to learn about the blockchain development. It is low risk and you can understand and see the potential in the blockchain by the way it changes and where it is applied to.
The blockchain now has the potential to change the way we pass information. It also has the potential to transfer value between computers and to people in a secure manner.
For more advice please feel free to contact me on 081 269 3916 - for a Consultation. Pieter Lategan