As a new survey shows growing interest in cryptocurrencies and tokens, Canadians may be asking themselves what goes into getting into the worldwide market.
But how does crypto work and what should Canadians think about before opening their wallets and buying up tokens?University of Toronto finance professor Andreas Park told CTVNews.ca in a phone interview on Thursday that when it comes to crypto, it isn't always about investing and hoping for a jump in price. There can be functional uses, as well.The two assets prospective buyers look at areCryptocurrencies can be used for transactions or to store value.
"[This ledger] is made up of a series of blocks, each of the blocks contain a transaction, so you can't break the blockchain," George Bragues, assistant vice-provost and program head of business at the University of Guelph-Humber,"That's what makes it so resilient, what makes people trust it so highly."
"It definitely grew out of a skepticism to the current financial system," Anne Haubo-Dyhrberg, an associate professor at Wilfrid Laurier University's Lazaridis School of Business, told CTV News Kitchener.
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