Platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies . What are Cryptocurrency Exchanges? Cryptocurrency exchanges are platforms that facilitate the trading of cryptocurrencies for other assets, including digital and fiat currencies. In effect, cryptocurrency exchanges act as an intermediary between a buyer and a seller and make money through commissions and transaction fees. On common cryptocurrency exchanges, $100 can be exchanged for bitcoin of equivalent value, and vice-versa. Similarly, bitcoin worth $100 can be exchanged for Ethereum of equivalent value. The same concept can be applied to different assets based on what is offered by the exchange. Centralized vs. Decentralized Cryptocurrency Exchanges Centralized cryptocurrency exchanges act as a third-party between a buyer and a seller. Since they are operated and controlled by a company, centralized exchanges offer more reliability. Approximately 99% of all ...
Who Is Elon Musk? Elon Musk is one of the great entrepreneurial innovators of our time. Visionary entrepreneur Elon Musk is the charismatic co-founder of PayPal and Tesla, as well as the founder of SpaceX, Neuralink, and The Boring Company. He serves as CEO of Tesla and CEO/lead designer of SpaceX. KEY TAKEAWAYS • Elon Musk is the charismatic co-founder and CEO of electric car maker Tesla and rocket manufacturer SpaceX. • Born and raised in South Africa, Musk spent time in Canada before finally moving to the U.S. • Educated at the University of Pennsylvania in physics, Musk started getting his feet wet as a serial tech entrepreneur with early successes like Zip2 and X.com. • He was instrumental in creating the company that became PayPal. • Musk has behaved in eccentric ways from time to time and has identified himself as having Asperger's syndrome. His astounding success has given rise to comparisons to other visionary businessmen, such as Steve Jobs, Howard Hu...