Blockchain has become a technology positined to disrupt sectors especially the financial sector.
As it has help create a decentralize system that will change the way financial system communicates.

Blockchain Technology is the technological structure that Bitcoin is deployed on which operates with a peer to peer fashion and enable people more than institutions.

We can't fully understand the scope of which this technology has created a new part to financial liberty especially for the African people.
Who was limited to the way they can make financial payments.

The inclusion means gateways to creating wealth, this will be a good reason while Nigerians has taken the cryptocurrency market seriously especially trading the coins.

People seek knowledge and have limited resources to get the proper knowledge needed.
reason why platforms like https://newscrypto.io will enable anyone to become an expert and make better decisions.

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WHAT IS BITCOIN?

One of the first questions most people get is “What is Bitcoin?” This is an opportunity to simplify it, so do not start by explaining all the technicals of cryptocurrency and blockchain. Imagine explaining it to your elderly mother or grandmother or even to a child. You do not need to explain consensus algorithms and nonces for someone to grasp the basics of what Bitcoin is, just as you don’t need to understand all the intricacies of a combustion engine to operate a car. The first point to make is that it is money, just digital money. Many struggle to understand how something that is not physical and tangible can be money, but compare it to something that they are familiar with. Using a debit card or credit card, you are using a digital form of money, but that money is just controlled by banks who hold custody of your funds and have to approve your transactions.

https://newscrypto.io/blog/bitcoin-for-beginners

HOW ARE BITCOINS MADE?

The next points you want to cover are how new Bitcoin are made and a few points about how the network used to secure the ledger of transactions is more secure than the current centralized systems used by financial institutions. You want to use the correct term of mining but no need to go too deep on this. Just like gold miners invest in equipment to mine gold from the earth with work from the equipment, Bitcoin mining uses computers running software to solve complex equations and earn Bitcoin for doing this and verifying transactions.

The release of new Bitcoin has a hard cap on the total and a set amount released on a set schedule that decreases over time. The work is the amount of energy spent from the computer equipment. Because there is no central server, there is no single point of failure, making it a very secure and reliable network. Without going too deep into blockchain technology, this decentralization not only prevents network crashes, but also makes it virtually impossible for malicious hackers to successfully attack the network. Even if possible, the financial expenditures to try to do this heavily outweigh the incentive from cracking the network. It is independent because no state, bank, or institution can control or manipulate Bitcoin.

Bitcoin’s security is based on cryptography and mathematics. All network participants decide together over the Bitcoin network and its rules. There is no central bank that can print more and more money to reduce the value due to the fact that the total amount of bitcoin has already been established in the core code at 21 million. The nature of the network allows users to also remain semianonymous as you are only identified by your wallet address and not by your actual identity.

https://newscrypto.io/blog/bitcoin-for-beginners

WHAT ARE CRYPTOCURRENCY WALLETS?

A cryptocurrency wallet by name can be very misleading. We use terms many times that are relevant to older technology just so that people will be able to understand more easily. Wallet is definitely one of those terms. A cryptocurrency wallet actually stores no cryptocurrency. So, do not freak out when you learn that there is zero cryptocurrency actually in your cryptocurrency wallets.

The cryptocurrency is still where it belongs. In a ledger on the blockchain of choice. The wallet is actually more like a keychain. Your wallet holds the “keys” to access and control your cryptocurrency. However, it seems the term adopted of wallet makes it easier for people to understand when talking about sending or receiving cryptocurrency to their wallet rather than the fact that they are actually only receiving the keys to access it and storing it on a “keychain.” So now let’s dig in and look at the different types of wallets to determine which type of wallet or wallets is best for you.

Before we discuss wallets, it is best to understand that all wallets fall into two major categories, hot wallets and cold wallets. Easiest way to separate the two is to know that hot wallets are connected to the internet and cold wallets are not. The benefit of hot wallets is they are readily accessible for trading, payments, or any other online function using the sending or receiving of cryptocurrency.

However, in terms of security, hot wallets are more susceptible to hacking since they are connected to the internet. Cold wallets make funds not as easily accessible, but this can be a benefit unless you need to access the cryptocurrency for daily use. Some manufacturers of cold hardware wallets have tried to bridge this divide with the ability to easily connect cold wallets to mobile devices or computers when needed. Cold wallets can be considered more secure because they are not connected to the internet.


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Embito:
Blockchain has become a technology positined to disrupt sectors especially the financial sector.
As it has help create a decentralize system that will change the way financial system communicates.

Blockchain Technology is the technological structure that Bitcoin is deployed on which operates with a peer to peer fashion and enable people more than institutions.

We can't fully understand the scope of which this technology has created a new part to financial liberty especially for the African people.
Who was limited to the way they can make financial payments.

The inclusion means gateways to creating wealth, this will be a good reason while Nigerians has taken the cryptocurrency market seriously especially trading the coins.

People seek knowledge and have limited resources to get the proper knowledge needed.
reason why platforms like https://newscrypto.io will enable anyone to become an expert and make better decisions.

for more information visit the twitter handle: @NewscryptoA

NOTE: FREE FOR THE EDUCATION

ITS BETTER TO LEARN AND BECOME A HOST OF YOUR FINANCIAL FREEDOM.

Crypto is all hype!

SavageResponse:


Crypto is all hype!

what was not initially an hype?