Company Attempts to Create a Working Cryptocurrency Rating System
Cryptocurrency is a global digital currency that is not backed by any banks or financial institutions. Supposedly, this type of system gives the end user complete control over the value of that currency. Cryptocurrency came into existence back in late 2010, in the form of Bitcoins, and by 2014 each unit of this digital currency was worth over $1,000. Since then there have been thousands of these types of digital coins that have been created. From Litecoin to Dogecoin, it can be a bit difficult to understand the difference. These "coins" were simply created and distributed, the only reason they have any value is because people assume that they are worth something.