GETTING TO KNOW CRYPTOCURRENCIES
Kenneth F.
Advise & Lead Experienced Teams for IT, Telcom, Digital Assets, Blockchain, Alternative Funding and Assets Management
Cryptocurrencies are digital currencies, created and stored electronically in the blockchain using cryptography (hence “crypto”) to control their creation and to verify the transfer of funds. (Example... How To Build A Blockchain)
Cryptocurrencies are unique because they don’t have any physical form and exist only in the network.
Why Cryptocurrencies Are Unique
Their supply, or circulation, isn’t determined by any central bank or government, and the network itself is completely decentralized. There are a growing number of cryptocurrencies, but the most popular to date are Bitcoin, Ethereum, and Litecoin.
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym, Satoshi Nakamoto. As of October 2018, there were over 17.33 million bitcoins in circulation with a total market value of around $115 billion (although the market price of bitcoin can fluctuate quite a bit). Bitcoin's success has spawned a number of competing cryptocurrencies, known as "altcoins" such as Litecoin, Namecoin and Peercoin, as well as Ethereum, EOS, and Cardano. Today, there are literally thousands of cryptocurrencies in existence, with an aggregate market value of over $200 billion (Bitcoin currently represents more than 50% of the total value). Source: Investopedia
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Advise & Lead Experienced Teams for IT, Telcom, Digital Assets, Blockchain, Alternative Funding and Assets Management
5 年#WednesdayWisdom?for those of you that still need it.? #Bitcoin?is as easy to understand as this...?Watch the Movie!! - https://youtu.be/dCi3X3AbgT4??
Advise & Lead Experienced Teams for IT, Telcom, Digital Assets, Blockchain, Alternative Funding and Assets Management
6 年Meanwhile in #Bermuda., Bermuda its laboratory for the most leading-edge blockchain innovations coming out of its stable of a dozen blockchain firms; b) create at least 30 jobs in Bermuda over three years; c) as soon as practicable, develop a Security Token Trading Platform in Bermuda … and d) focus its social contribution in Bermuda on nurturing a proper pipeline for creating basic, intermediate, and advanced software development engineers."
Advise & Lead Experienced Teams for IT, Telcom, Digital Assets, Blockchain, Alternative Funding and Assets Management
6 年An article with a #Venezuela?#Bitcoin? #Survivor?story..? According to one opinion story...“Borderless money” is more than a buzzword when you live in a collapsing economy and a collapsing dictatorship.?https://nyti.ms/2NncS1r