💱Carrie's Crypto Corner💱 - The Basics - E1
Greetings, Crypto Nation!
Welcome to Carrie's Crypto Corner!
Today I cover:
🤔What is a cryptocurrency?🤔
TL;DW (Too long; Didn't watch)
- Cryptocurrency is a digital asset that uses decentralized cryptography to secure transactions, to control the creation of additional units, and to verify the transfers of assets. Wikipedia
- A digital asset is anything that exists in a binary format and comes with the right to use. Ex. music, documents, movies, games, etc.Wikipedia
- Decentralization is the process of distributing or dispersing functions, powers, people or things away from a central location or authority. Wikipedia
- Cryptography is basically a very advanced form of encryption. Just like when you were a kid and you made a secret code with your friends to write notes... Just like that. 😎 Wikipedia
- Bitcoin was the first decentralized cryptocurrency in 2009.
- All other coins that have been created since are referred to as altcoins. Literally: Alternate Coins.
Have a question about cryptocurrency?
Maybe I can help. 😀
Let me know in the comment section below what you're interested in or confused about.
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Thanks for some knowledge about cryptocurrencies. Just wanted to know some cryptos you bought or would buy now. Just your opinion.
We generally buy based on the project. For example, we bought STEEM months before joining the platform. We knew it was a worth-while cause.
Right now our focus is is pay tokens/coins. Currently, one of the largest problems with crypto is getting the $$ out and being able to spend it easily wherever you want. There are more options popping up that are attempting to fix this.
I really like TENX Pay. They have a deal with VISA and have been successfully providing cards in several countries. Currently, they are switching card holds (as the original company has discontinued ALL providers). Most all their customers seem VERY happy with how easily the card works. Hopefully within the next year it will make it to the USA.
There is also Litecoin with LitePay and Bitcoin with Bitpay.
And finally SALT, which is a lending solution. It is basically providing a place where people can LOAN crypto for fiat WITHOUT losing any of their crypto. It's actually pretty cool.
That should get you started. Look them up. See what you think. Good luck!
Remember: This isn't financial advice. This is simply what I'm interested in currently. 😍
Thanks .
These should be pretty convenient.
Will check them out
I would like been your number 1000 follow you but is ok be your number 1001 following you i love the numbers because i am accountant. And the coffee too.
A huge
@galberto
Lol! I totally understand. I also love numbers. I work as a bookkeeper for a nonprofit in my area.
And coffee. Like whoa. I don't drink TOO much, but I really love the smell of it first thing in the morning... or afternoon... or evening. LOL!
Go Carrieee !
Trying a bunch of new things. I'm finding I spend most of my free time looking up crypto stuff. Might as well start sharing that. 😏
Plus, I totally should be video famous. 😎
great if you work as a bookkeeper it is the same work like me i am an accountan but work as an auditor the same, well we loved the coffee too in the morning for wake up and have a great day nothing than a coffee cup amazing.
well have a great day and we hope continued sharing great contents here.
best regard @galberto