Cryptocurrency is known as Bitcoin which many people know about. There isn’t only Bitcoin, in the cryptocurrency world.
The top 3 cryptocurrency used are, “Bitcoin(BTC)”, “Ethereum(ETH)” and “Litecoin(LTC)”
Feel free to download a copy of powerpoint I made explaining about Bitcoin
A short introduction of Bitcoin, how is it created, what can it do ?
Bitcoin is a new currency that was created in 2009 by an unknown person, using the alias Satoshi Nakamoto.
Transactions are made with no middle men – meaning, no banks! There are no transaction fees and no need to give your real name.
Once payment is sent via bitcoins, there will be no charge-back or editing the payment by a hacker. Some people are using credit/debit cards by buying items they desire, after they receive their items they will call the bank and say they didn’t make that transaction so the bank will return back their money. So bitcoins will take away all this flaws.
Bitcoins can be used in many ways. I will list some examples for you !
- Online Shopping
- Physical Stores
- Investing / Trading
Blockchain A.K.A – shared ledger,decentralized ledger.
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks, the most recent transactions are recorded and added to it in chronological order and it allows market participants to keep track of digital currency transactions without central record keeping system.
Here are someways to obtain Bitcoins.
- You can get bitcoins by accepting bitcoin as a form of payment / checkout at your online or physical stores.
- You can get tipped / perform services for people who are willing to use bitcoin as a payment platform.
- Buying / Exchanging them from big exchanges.
- Mining them.
What is Alt-Coins?
- It is known as Alternative Coins a.k.a – Litecoin, Ethereum
- There are thousands of Alt-Coins in the cryptocurrency world.
What is mining ?
What are wallets / cold wallets ?
- There are many software / websites out there supporting their kind of wallets.
Congratulations, you have came to the end of the topic !
I hope you have gain more knowledge about cryptocurrency and will start using it !
Share it with your friends and family.
You will never know one day governments would just stop printing money to save the planet and start going into the digital era, its better to be prepared and start early.
It’s never too late to start with cryptocurrency.
Many people predicts by 2020 bitcoin would reach its $10k USD but i think by 2018 mid it will reach its $10k USD point and keep rising up monthly.
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See what the rich and famous say about bitcoins
Thank you for reading!
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