Investing in cryptocurrencies like Bitcoin, Litecoin, and Ethereum is a risky investment. We cover the pros and cons of investing in cryptocurrrency. There are currently hundreds of alternate cryptocurrencies, referred to as "altcoins" Often the newest ICO, or initial coin offering, represents an opportunity to multiply one's investment.

Cryptocurrencies are usually built using blockchain technology. Blockchain describes the way transactions are recorded into "blocks" and time stamped. It's a fairly complex, technical process, but the result is a digital ledger of cryptocurrency transactions that's hard for hackers to tamper with.