How To Get Into Cryptocurrency?
Werther Veulemans
Cluster Head of Marketing | Luxury Hospitality, F&B & Tourism | Brand Growth, Digital Strategy, Partnerships & Loyalty | Data-Driven, People-Focused & Impact-Driven Leader
“How do I get into cryptocurrency?”
Friends, colleagues, and even several family members asked me this pretty loaded question. ??
Without a doubt, by now you have heard about Ethereum or the biggest of them all, Bitcoin. Two very different tokens with a different backend, Proof-of-Work, Proof-of-Stake (yes, yes ETH is still in the process of being upgraded, don’t shoot me now).
Plenty to learn about how these tokens work.
To answer the first question, getting into crypto, do your own research on these different systems (PoW, PoS..).
Besides it being dry, technical material, and a steep learning curve, it will reward you for having a glimpse of the future (excitement all over the place-woow??).
Yes, once you understand blockchain and get into this infinite rabbit-hole of mind-blowing different projects. You'll be grateful for having learned something valuable!
In addition, to have a practical example for understanding these different kinds of systems, I discovered a fun Proof-of-Geo (location) project.
领英推荐
Through the XYO-token, which you can mine easily through your smartphone!
It is an easy-to-understand project with a low entrance learning curve!
I find it a practical project on how to enter and learn about crypto! It’s parallel to how you’re sharing your location data with Google Maps, Google sells this to advertisers, with you being the product.
With ‘Coin’ you take matters into your own hands, share your location, and get rewarded for it with ‘coins’ transfer them into XYO-tokens, which you can eventually convert to fiat money (USD, EUR etc).
Let me know if you find this an easy and understandable approach on how to enter this exciting new world! I am highly passionate about decentralization and if you're not new in the space, share your tricks on how you've educated your friends & family! ??
PS. This is not investment advise, I am not an official registered financial advisor and the above text is for entertainment and educational purposes only!
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3 年Help me in my discovery Werther Veulemans!
Multi-Property Director of Recreation & Spa / 6 Hotels
3 年Crypto and NFT's are future. Already deeply in it , such a crazy new world to discover !! ??