LUCKY'S CRYPTO GUIDE FOR BEGINNERS
PART THREE
Lucky here again ladies and gentlemen, and back with the third part of my Crypto Guide For Beginners. I have done immense amounts of research into crypto and the technologies that hold it together, which has helped me tremendously in making crypto trading profitable and enjoyable for not just me, but others as well. I put this guide together with one goal in mind, to help anybody new to crypto like I was at one point, learn as quickly as possible and have the tools needed to begin trading crypto profitably. This article covers another key term from part one of my guide, P2P (Peer To Peer), where I defined blockchain technology. Please read along and take in this brief but informative article that is built to forever educate those new to everything crypto.
WHAT IS A PEER TO PEER NETWORK?
A ''P2P Network" or Peer to Peer Network, is a network (group) of computers that are combined together for a common purpose. The "peers" are essentially computers that are connected to each other on the internet. Files and specific actions can be shared between peers (computers) on the network, without the need of a central server. A central server is one large, powerful computer system that would typically be the central hub for performing an action such as downloading a song or obtaining (downloading) a file. In terms of a central server, just imagine the building packed full of computer components like the United States Pentagon uses to host the mainframe of the USA's government network. Each computer (peer) can share and provide the files (movies, songs, etc) or actions (combining computer processing power) the central hub would, making it easy to increase the availability of files and certain actions while not having to rely on the central hub. In other words, each computer on a peer to peer network becomes a file server as well as a client.
A DEEPER LOOK INTO P2P NETWORKS
One great example of a P2P network is BitTorrent, one of the most reputable and size-able torrent sites that manages to stay under much legal scrutiny due to the network thriving off of the pirating of media and software. With it, is KickAssTorrents, The Pirate Bay and many, many more. These P2P networks all contain files of media to some extent, and each member of the network opens up select files (or all of their files) and will make them available to other members of the network. Everyone in the P2P Network is virtually a server (one who provides these files) and a client (someone who seeks out these files to obtain them).
SOME FOOD FOR THOUGHT
Bitcoin itself, is designed and operated as its own Peer to Peer Network, as is the vast majority of platforms and currencies on the blockchain. In example, Steemit itself is a P2P Network, if that sheds a little light on the subject.
This concluded Part Three of my Crypto Guide For Beginners. I honestly hope that everyone reading this series has had the opportunity to expand their knowledge and understanding of the crypto world, as we delve deeper into more critical definitions and aspects of the crypto world. Part Four will also cover some very integral information regarding the blockchain and cryptocurrencies, so make sure you stay posted, follow me and show some love on my material in anticipation of it's release, which will be really soon. As always, your support, upvotes, resteems, comments and interactions are very much a blessing and I am incredibly grateful for it all! If you have any questions, comments or concerns, please utilize the comments section of this post to voice them. Thanks again folks! This is Lucky, signing off.
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This series may be a great resource to include in the introduction of the decentralized government project. The first thing people need to understand to truly grasp the significance of the project is to know how incredibly powerful blockchain, cryptocurrency, P2P networking and decentralization is!
Keep up the good work brother
It is my pleasure to help mold this world for the better in any way possible!
writing is quite useful about crypto ... I found my husband playing cryptocurrency ... he did pair Ignis / IDR, currently he suffered a loss of 100.000.000, - Price IDR ... really painful current condition ... it all happening with significant currency movements as they rise and fall, Need to learn first before doing ... thanks for the help in the case of cryptocurrency....
My pleasure @azyref, always have full comprehensive knowledge of what you are investing into before dumping money into it. Please, encourage him to read my tutorials, he will benefit from them. Thank you for your support!
I stopped by to check out your post, because I noticed you had followed me. Looks like you have a really great place here. And it seems like you're doing a lot of good things for the community. Which really means a lot to me. So for all of these things I say thank you so much. We truly means a lot to a lot of people. I specifically want to thank you for following me because I try to thank each person personally as they do. Because each one matters that much. So thank you. Can I ask how you came across me or what it is that made you decide to follow me? In any case I hope you have a great day. Sending you all of my love until we meet again. May our creator bless you and all of yours.
@johndoer123 I started to follow you because I appreciate your compassion, gratitude and character, which was displayed on my wife's blog, @magicalmoonlight. You are one of the types of people this platform needs and I encourage as well as support your personal and professional growth from here on out. Please take a moment to join us @greetersguild and partake in our humanitarian efforts to not only build the community here, but try to save this platform from utter destruction from the way it is currently progressing. You can join on the link below.
Thank you for your love and support you offer up to everyone on the Steemit platform. You are more than welcomed everywhere you go on here!
https://discord.gg/AkzNSKx
Those are very nice words. And I mean a lot to me. As a matter of fact that's words like these that inspire me to keep going. I guess since you are @magicalmoonlight husband then you already know how lucky you are. 😁 I will try to make my way over to the greeters Guild. It may take me a minute however because I'm so backlogged right now it's crazy. I have to get another contest ready for Wednesday and do the reveal for last Wednesday's game plus I'm going to try to do another anti-phishing post. And currently I'm working two hours out of town so I lose a lot of my time to driving. But I promise I will make it there. I hope that you have a great day. And that I will continue to see you around. Keep up all of your good work And tell everybody that I said
Those words are the truth my friend :) And yes, I am very lucky to have her in my life! She is an amazing human being for sure!
I really appreciate your reply and cannot wait to have you join us and get to know you more. Expect to see me on your posts, curating and supporting! Good luck with everything you have going on brother!
Thank you friend. And I also look forward to getting to know use better so feel free to hang around and comment. How long have you been on Steemit? And how did you hear about it? I'll see you around. I hope you have a great day.
My pleasure my brother! I have been on Steemit for about four months and a couple of weeks on top I think. Since right around Christmas. A friend of mine invited me to join, explaining to me that we could get paid for musical works of ours, so I had initially joined to pub my music. That changed once I had broken into the system and learned my way around through trial and error. It took me months to get where I needed to be, but I made it there. For the past couple of months, I have been dedicating my time to helping others lear, earn and grow through my initiative @greetersguild and recently created and addictions support group called @breakthecycle. Hoping they will both have a significant impact on the world ;)
How about yourself my friend? How long have you been on here? How did you hear about Steemit? What is your main goal here?
Hope to hear from you soon my friend! It's been a pleasure talking with you!!!
I've been on Steemit for about a month. I actually found it because I began to hate YouTube and I was looking for an alternate platform. I stumbled across dtube. Then after waiting a couple of weeks to get approved for an account I accidentally found steemit. I struggled and had a super hard time at the beginning due to a lack of any information in the beginning. However, the lack of any type of real introductory information forced me out into the community to find out how to do the simplest tasks. It took me awhile to figure out where I fit in. But I think so far I found where I belong for now. Meeting new people and getting to help them also gives me such a great thrill that I may never move on from it I'm not sure. I'm getting ready to start mining ether so that will probably occupy some of my time as I learn that process. But I'm going to stay dedicated and I'll continue to release my three games a week. I've never mined anything before so this also will be a new experience for me with a huge learning curve for me to overcome. And by the way if you know anything about mining maybe we can talk. I'm hoping that by mining ether I can increase my etherium wallet and move the etherium into steem and increase my ability to help people here and to grow the platform. Kind of my short-term goals. I do have some long-term goals Also. I have to learn a whole lot more about this particular system in the blockchain to go much further than what I just spoke. But I'll get there eventually. Thank you for writing such a long and meaningful comment I appreciate people who take time to do things like that. And hopefully will continue to talk and see each other around. I hope you have a great day until I see you again I send you all of my love.
I can understand the beginning to hate other platforms, as I was desperate to move from FB myself and into better things for sure. Steemit was hard for me in the beginning as well due to lack of help and information, but i learned quite a bit the hard way LOL. It has been a very rewarding experience none the less, especially now running the @greetersguild and going into platform and greeting new users as well as helping them on their journey, which is something we did not have when we came into Steemit. I also have time consumed with my musical works and @breakthecycle, my new addictions and recovery support group, that also covers life struggles, youth outreach and relapse prevention. So, giving to the community is a big thing for me as well.
I really like that you are doing the games, it helps you not only educate people, but get to know them more, and even help them grow on their personal journey. I commend you for that, it is very honorable of you! Thank you for what you do, it is because of good hearted people like you that this platform will succeed and go to great heights!
I am actually very familiar with crypto and mining. You should check out my blog, as I have a crypto for beginners series i am running. It may help you gain some further insight. You can also contact me on Discord anytime, LuckyDev#1969, and I'd be more than happy to give you any advice or anythignt hat you may need. I'm here to help you succeed brother!
Thank you for reaching out to me! I hope to hear from you sometime soon!!! I hope you have had an amazing day!
You have a minor grammatical mistake in the following sentence:
It should be its own instead of it's own.Thanks for the catch, I appreciate it. Finally a useful bot that spams my posts ;)
another good simple explanation , This one I new,:) these are good info that not all now or understand . We to often take for granted that everyone has some basic knowledge on how thing work or all the acronyms . When in reality there are some who don't know .
Keep it up
Very grateful to have you supporting this series @wolfhart! There is more to dig into very soon, so brace yourself my friend! Thank you for all of your hard work lately as well, it really does a great thing for the platform as a whole. We need more dedicated, genuine people like you. You coming to SGG was a blessing and @lynncoyle1 served as the angel who led you. Amazing stuff I'm telling you!
Thanks again my brother!
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