Cryptocurrency and Real Estate AN OVERVIEW OF DIGITAL ASSETS AND HOW THIS “NEW MONEY” MIGHT WORK FOR YOU.
of exchange that uses cryptogra- phy to secure its transactions, to control the creation of additional units, and to verify the transfer of assets (Wikipedia). Bitcoin, which was created in 2009, was the first decentralized cryptocurrency. The decentralization is critical. Every wallet that holds Bitcoin and every exchange ever done with Bitcoin is stored in a distributed ledger called a Blockchain. The ledgers are maintained by independent parties. Anyone can host a copy of the ledger on their own computers. About every 10 seconds a new set of entries (called a block) is added to the ledger. This block is the latest in a chain of blocks that goes
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
by Steve Streetman
ryptocurrency and one of its main underlying technologies,
take advantage of Bitcoin and Block- chain to set themselves apart from the crowd and improve their invest- ing strategies and techniques? Cryptocurrency strategies are cutting edge. To date, they have been used only a few times, but the concept has been proven and
the potential is there to make cryptocurrency a staple of real estate investing; there may come a time when everyone uses these techniques just as everyone now markets real estate online. A cryptocurrency is a digital as- set designed to work as a medium
Blockchain, seem poised to trans- form many industries. Real estate, which tends to be a conservative, slow-to-change industry, is ripe for transformation by these technolo- gies. How can real estate investors
back through time and captures all the entries and transactions (thus, the term blockchain). There is a
mechanism that allows each new block to be validated in conjunction with all previous blocks.
60 | think realty magazine :: july / august 2019
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