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You may have heard of crypto currencies before such as #Bitcoin
https://abs.twimg.com/hashflags... draggable="false" alt=""> #Ethereum #XRP
But what is it that makes them so special?
It is just a fad? A scam? Something to overlook?
๐ก๐ผ, let me explain...
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You may have heard of crypto currencies before such as #Bitcoin
But what is it that makes them so special?
It is just a fad? A scam? Something to overlook?
๐ก๐ผ, let me explain...
Blockchain / Distributed Ledger Technology is a revolutionary way to send value.
Each ledger (or block) contains an amount of transactions.
Once the block is filled it is then linked to the next block, creating a & #39;chain& #39;.
Why does this matter?
Each ledger (or block) contains an amount of transactions.
Once the block is filled it is then linked to the next block, creating a & #39;chain& #39;.
Why does this matter?
Well...
This process creates an indisputable record of transactions which means we can see exactly who owns what at any given time.
This transparency is a game changer but that is not the only benefit.
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This process creates an indisputable record of transactions which means we can see exactly who owns what at any given time.
This transparency is a game changer but that is not the only benefit.
Blockchain technology is also decentralized.
Meaning there is no central authority which can intervene with your transaction.
In comparison, if you were to send money today, it will have to be processed by a 3rd party intermediary, for example:
https://abs.twimg.com/emoji/v2/... draggable="false" alt="๐ธ" title="Kleine orangene Raute" aria-label="Emoji: Kleine orangene Raute">PayPal
https://abs.twimg.com/emoji/v2/... draggable="false" alt="๐ธ" title="Kleine orangene Raute" aria-label="Emoji: Kleine orangene Raute">Visa
https://abs.twimg.com/emoji/v2/... draggable="false" alt="๐ธ" title="Kleine orangene Raute" aria-label="Emoji: Kleine orangene Raute">Barclays
Meaning there is no central authority which can intervene with your transaction.
In comparison, if you were to send money today, it will have to be processed by a 3rd party intermediary, for example:
Blockchains are decentralized in the sense it is truly peer to peer.
The network itself is often run by a number of & #39;nodes& #39;.
Computers running software which processes these transaction all across the world.
But where do Crypto Currencies come into all of this?
The network itself is often run by a number of & #39;nodes& #39;.
Computers running software which processes these transaction all across the world.
But where do Crypto Currencies come into all of this?
Crypto Currencies are the unit which is transferred on their particular Blockchain.
With each having different advantages / disadvantages.
For example, someone sending a Bitcoin will interact with the #Bitcoinhttps://abs.twimg.com/hashflags... draggable="false" alt=""> Blockchain, #Ethereum interacting with the Ethereum Network.
With each having different advantages / disadvantages.
For example, someone sending a Bitcoin will interact with the #Bitcoin
This technology is being integrated into out every day lives.
The market is nascent and undiscovered by most which offers an huge upside potential as an investment.
You can invest in this new asset class via the most popular platform Coinbase https://www.coinbase.com/join/swan_q ">https://www.coinbase.com/join/swan...
The market is nascent and undiscovered by most which offers an huge upside potential as an investment.
You can invest in this new asset class via the most popular platform Coinbase https://www.coinbase.com/join/swan_q ">https://www.coinbase.com/join/swan...
If you would like to discover how you can earn +$100 worth of #crypto in just a few short hours, make sure to check out my guide:
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