Tesla Inc. is holding onto its pioneering stake in Bitcoin & Ethereum, an investment that helped legitimize the world’s largest electronic currency. The electric-car manufacturer disclosed in February that it had invested $1 billion in Bitcoin & 500 million in Ethereum, and subsequently sold 10% of its stake in April.
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries
The Ethereum platform supports Ether in addition to a network of decentralized apps, otherwise known as “dApps.” Smart contracts, which originated on the Ethereum platform, are a central component of how the platform operates. Many decentralized finance (DeFi) and other applications use smart contracts in conjunction with blockchain technology.
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