Engaged as Certified Financial Fiduciary with New Century Planning in Freehold, New Jersey, Robert M. Ryerson provides knowledgable solutions designed to maximize client wealth. In late 2017, Robert M. Ryerson additionally launched Crytpo Currency Consultants, LLC, with a focus on enabling individuals to take advantage of an emerging system of cryptocurrencies.
Many people are confused about the linkages between cryptos and the underlying blockchain technologies, which utilize distributed ledger platforms. These “chain of blocks” verify and bundle together a set amount of data that, once validated, is added to the chain of information and transactions within previous blocks. They are permanently recorded within the blockchain and make possible a code-based currency that has well-defined parameters.
The advantage of this peer-to-peer system of digital payments lies in the ability of parties worldwide to verifiably record transactions without requiring an intermediary such as a bank. A game changer has been that value can now be transferred across borders with extremely small transactional fees involved. The self-regulation of the system, which is not backed by a central bank, relies on game theory concepts such as self-interest and economic rationality among participants.
