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A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. - Oxford Dictionary Essentially it is a largely unregulated alternative form of money. What is “blockchain?” --- a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. - OxfordWhy does talking about this matter? What does it have to do with financial planning? Unless you literally live under a rock, you have heard of cryptocurrency. You have probably heard a lot about it from people with very strong opinions on one end of the spectrum or the other, which can make understanding what is really confusing.“Cryptocurrency is best thought of as digital currency (it only exists on computers). It is transferred between peers (there is no middleman like a bank). Transactions are recorded on a digital public ledger (called a “blockchain”). Transaction data and the ledger are encrypted using cryptography (which is why it is called “crypto” “currency”). It is decentralized, meaning it is controlled by users and computer algorithms and not a central government. It is distributed, meaning the blockchain is hosted on many computers across the globe. Meanwhile, cryptocurrencies are traded on online cryptocurrency exchanges, like stock exchanges. Bitcoin (commonly traded under the symbol BTC) is one of many cryptocurrencies; other cryptocurrencies have names like “Ether (ETH),” “Ripple (XRP),” and “Litecoin (LTC).” Alternatives to Bitcoin are called “altcoins.”” - Cryptocurrencyfacts.comNeed help with a financial plan?oakmontadvisory.com/blueprint