What you need to know about crypto | Action 16 Investigates
— Investing, Dollars, Profile, Long island costs, Mining bitcoin, Many cryptocurrencies crashed, Everybody knows, Mining entrepreneurs, Places, World — 1 min read
Bitcoin is the one you may have heard of, but there are thousands of them. The currencies, or coins, aren't backed by gold, printed by a government, or held by a bank. Entrepreneur: "Everybody's like, 'Oh, we're afraid of it. But, unfortunately, it's coming a lot faster than you think," said Stacey Toy of NFT Drop LLC. The currencies are passed from person to person all online every transaction ends up on a public digital ledger that anyone can see. The miners in this world work by verifying that ledger over and over again to make sure it's accurate. A map shows miners in the Scranton area of just one type of cryptocurrency, called Helium, is doing its work. Source