Have you been following crypto? It is hard to not hear about the highly volatile industry that has been dominating news headlines. With Dogecoin and Bitcoin’s plummet following remarks made by Elon Musk on “SNL” earlier this month and the whole industry crashing – or correcting – last week, then bouncing back a bit this week, it is apparent that these currencies have very unstable values. But does that make these risky assets to invest in?
Although most people have heard of cryptocurrencies like Bitcoin and Etherium, many people are hesitant to invest since there is still much speculation around crypto. On The GoGedders Podcast, we brought in three Milwaukee leaders who have been following cryptocurrencies closely: Erin Magennis is a neuroscientist and the CTO at Spree; Christopher Perceptions is the founder of PerceptForm, an end-to-end ecosystem of cryptocurrency/blockchain products and services; and Alec Shaw is a Partner of Business Development at Sperax and the co-founder of the Marquette University Blockchain Lab. Together, we can get you caught up on everything you need to know about crypto, Bitcoin, Ethereum, Dogecoin, NFTs and more!
“Cryptocurrency: We can break that down,” Perceptions explained. “Crypto, paying homage to cryptography, and then currency, the movement of goods or services … so it’s just digital currency, digital money, digital value. Cryptography is an extremely secure way of encrypting information.”
Part of a reason why cryptocurrencies are so secure is because they are decentralized. Transactions are made through something called a blockchain, which is like a digital ledger, multiple computers coming