Power of Crypto - Novels
by Raj King Bhalala
A simple definition of crypto & what you can do with it
How crypto can have value & the concept of sound money
The evolution of money & the gold standard
A simple explanation of how Bitcoin works
Cryptocurrency is a new kind ...Read Moreinternet money. You can use it to buy things online, and you can send it instantly to other users anywhere in the world, at very low cost, needing nothing more than a smartphone and an internet connection.
Cryptocurrency can be cheaper and more convenient than many existing services like Paypal or Transferwise, if - for example - you regularly send money overseas. Several million people are actively using it today for that purpose.
Worthwhile as that is, it isn’t what’s drawing people’s attention
As well as functioning as a new type of internet money, cryptocurrency is also a very popular form of investment, with eye-popping long-term appreciation.
€60,000,000What €1 invested in 2009 in Bitcoin is worth in 2021
Newcomers to cryptocurrency find this aspect very confusing. How can this new internet money, which can’t even be touched, be so valuable?
How does cryptocurrency have value?
What is cryptocurrency? What you'll learn A simple definition of crypto & what you can do with itHow crypto can have value & the concept of sound money The evolution of money & the gold standardA simple explanation of ...Read MoreBitcoin worksCryptocurrency is a new kind of internet money. You can use it to buy things online, and you can send it instantly to other users anywhere in the world, at very low cost, needing nothing more than a smartphone and an internet connection.Cryptocurrency can be cheaper and more convenient than many existing services like Paypal or Transferwise, if -
What is a Blockchain ? What is a blockchain?Why trust is a fundamental issue in human relationsThe characteristics of a blockchainHow a blockchain works: consensus & A blockchain is a new way to store data. Rather than centralising information, ...Read Morethe control over it, in one place (a database), blockchains store it across a network where no one point has the authority to change records, This is called decentralisation..Blockchain's record data - in blocks - and securely store this data by chaining those blocks together using cryptography, hence a block-chain. Satoshi Nakamoto - the alias of the individual or group
What is Ethereum ? What you'll learn: 1) The origins of Ethereum2) Ethereum's unique characteristics & ecosystem3) Ethereum's limitations4) The proposed transition to Proof of Stake Ethereum is a blockchain-based system where anyone can build and securely deploy any ...Read Moreservice without going through a formal, centralised approval process - such as getting an App added to Apple's App Store. It is the brainchild of Vitalik Buterin, a Russian born computer programmer, who was an early Bitcoin advocate, but thought it lacked a scripting language to enable connected applications. Ethereum has been dubbed the ‘world computer’ as it enables permissionless