Cryptocurrencies have become a hot topic for discussion when it comes to investments and asset building. But all of this has brought countless rumors and myths into existence that manipulate people’s perspectives regarding cryptocurrencies.
Knowing the truth is important if you want to make informed decisions involving crypto-assets and monetary investments. Here are some myths about cryptocurrencies like Bitcoin and Ethereum that aren’t factual at all.
1. Cryptocurrencies Aren’t Secure
Many people question the security and safety of crypto transactions, which is acceptable since there are no organizations or authorities to reach out to in case of fraud. But the truth is, cryptocurrency transactions are more secure than fiat currency records.
In centralized systems, organizations like banks store transaction records in one common ledger. If an attacker…