For Bitcoin, Ethereum and other digital currencies, here’s how they work and how to open and stock a crypto wallet.

Image: Shutterstock/Travis Wolfe

The best thing about cryptocurrency is also the worst thing about cryptocurrency: There are few rules. Digital currencies and the ledgers that hold the transactions offer much more freedom than government-backed currency but come with fewer protections. The inspiration for the whole system was avoiding bank fees and all the regulations that go along with organized financial institutions. 

The flip side of that coin is that there are endless opportunities for new solutions and no limits on creativity. The brief history of Bitcoin and Ethereum show that taking a hard fork is always an option.

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