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As it stands, when you buy something or pay someone for a service, you might use a check, a credit card, or Pay Pal and that introduces a middleman that acts as a gatekeeper and charges a fee to facilitate your transaction.With cryptocurrency, parties to an exchange swap virtual cash for goods and services without incurring delays, costly transaction fees, and with fewer complications associated with allowing a third party into your transaction.Bitcoin can support very large transactions while litecoin, invented by a Google employee, is aimed at microtransactions.It's a cheaper form of cryptocurrency than bitcoin and transactions process much more rapidly.Bitcoin and Ether are both digital currencies but operate differently as the latter isn't well-suited for everyday consumer usage.However, Ether can be traded on the digital currency market and may be something to consider for a potential investment and is also available via Coinbase.

It's time to educate yourself on how cryptocurrency is changing the world and how you can get involved as we head into the New Year.In addition to using bitcoin as a payment medium, you can add investing in bitcoin to your portfolio without going through the complex steps required to set up a bitcoin wallet. Ethereum was created in 2014 and differs significantly from bitcoin in its purpose.Bitcoin is intended to be a cash alternative while Ethereum and its token Ether are aimed at financing peer-to-peer contracts and applications development.Expedia, Overstock.com, New Egg, Shopify, Dish Network, and Roadway Moving accept bitcoin and more companies are embracing cryptocurrency every day.If you're interested in purchasing bitcoin, sign up for an account on Coinbase and get of FREE bitcoin!

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