Steemit Crypto Academy Week 6 // How to invest in Cryptocurrency//Submitted to @besticofinder

Weldone Prof. @Besticofinder, am delighted to be part of your class class this week.

Investing in cryptocurrency is a compulsory lecture for anyone who wishes to purchase a cryptocurrency assest. Most people just invest in a thing without first knowing the pros and cons.

Prof. @Besticofinder lest I forget, my home work 5 has not been reviewed and not curated due to that, please find a way to review it. Here it is:

https://steemit.com/hive-108451/@victorylive/crypto-academy-week-5-introduction-to-cryptocurrency-mining-part-2-submitted-to-besticofinder

For the purpose of Lecture 6, I have choosed to invest in Nervous CKB (Common Knowledge Base layer).

What is CKB
CKB is a cryptocurrency that powers the Nervous network protocol, it is open source public blockchain ecosystem and also collection of protocols. It is currently @ number 110 on the coinmarket list, having traded above 98 Million USD with a market Cap of over 535 million USD and maximum supply of about 24 billion CKB coin. It was born in 2018 by some group of talented developers.

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CKB vision
It is the layer 1 proof of work public blockchain protocol of the nervous system. It is secure and therefore allows any cryptocurrency asset to be stored. CKB is a peer to peer cryptocurrency economy network which allows users to collaborate thereby receiving incentives as well.

Apart from bitcoin being the first peer to peer Patform and Etherum being the second versatile platform which allow user to build all kinds of decentralized applications, but they both suffer from scalability problems, meaning their transactions cannot scale up to the number of participants using the network.

This has resulted in the hike in transaction fees which may scare users from using cryptocurrency, CKB exist to introduce a first layer proof of work blockchain to tackle this limitations and more. It is a secure layer to provide common knowledge custody for the network. It is also decentralized, permissionless and open source.

In CKB, users and developers can define, issue, transfer and store crypto-assets, they can also create digital identities and utilize these identities in the crypto-economy. Only our imagination is the bounds of its use.Source

CKB Products
CKB has very breath taking products of which are:

CKB protocol

1)CKB makes you get access to any asset, any blockchain at all, giving its users leverage to select their own crypto assest and interface.

2)Operate Dapp from any location: this product gives you the power to universal app, CKB brings Dapp ecosystem closer to you and your wallet.

3)State Channels: were 2 or 3 users may use peer to peer communications to generate new states.

4)A programing model especially for developers which consists of 3 parts namely:

state generation (off-chain)
state verification (CKB VM)
state storage (Cell model)
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Market
CKB is a very good project that anyone can invest in, they have experienced significant growth, most importantly, they share in the properties that make bitcoin and Etherum as unique as they are today. It markets keeps growing every now and then, price has increased significantly as well.

It is currently being traded by over 20 exchanges including Binance exchange.

CKB's Team
CKB has a number of great team working to ensure this project grows beyond limits and to crown it all they have got lots of partners.

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Meet CKB's team:
They have a team of 86 with 60 being core developers. That's sounds great.
CKB had 3 Co-Founders namely:
Terry Tai usually called Jack of all trades is the Co-Founder of the CKB and he is a Core developer at Yunbi & Peatio cryptocurrency exchange, co-founder of Teahour.fm, one of China's most popular tech podcasts.

Kevin Wang, researcher and token economist, also a co-founder of Launch School, previously worked on enterprise data solutions at IBM Silicon Valley Lab, consultant & engineer.
Daniel LV in charge of community building and a former CTO of imToken (world's most popular Ethereum wallet), former CTO of Yunbi, and co-founder of ruby-china.org and KOL.

To further tighten their loins, they have series of supporters backing the project.

Conclusion
One interesting quality about this project is the solution to scalability it introduces, matching itself with Bitcoin and Etherum. Powerful team they got, good incentives and returns, am convinced it will be a wonderful project to invest.
Thank you sir.

CBK White paper