top of page
  • Andre

Intro to Crypto

1. Digital

Crypto only exists on computers. Nothing in Crypto is tangible, so don’t think about robbing Fort Knox.

2. Decentralized

Crypto has no central computer or server. They are distributed across a network of typically thousands of computers.

3. Peer-to-Peer

Crypto is passed from person to person online. Users don’t have to deal with each other through banks, PayPal, etc. They deal with each other directly. There are no trusted third parties in Crypto.

4. Pseudonymous

You don’t have to give any personally identifiable information (PII) to own and use Crypto. Though, larger (and trusted) exchanges require you to KYC (Know Your Customer) by uploading various documents that prove you are you.

5. Trustless

This means users don’t have to trust the system for it to always work and are in complete control of their money and information.

6. Encrypted

The cryptography is where the symmetric or asymmetric encryption lies, within the Public/Private Keys. It’s also where the crypto part of the crypto definition comes from and means ‘hidden’ in Greek origin.

7. Global

Unlike countries using their own currencies called ‘fiat’, and sending around the world is difficult, Crypto can be sent world-wide easily and without borders.

Recent Posts

See All

1. Solution A successful project must solve a real-world problem or address a real-world pain point. 2. Decentralized Must be a reason for the project to be decentralized, if there is no reason, it wo

1. Strategize Trade in the right mindset and a clear strategy, it’s a zero-sum game, meaning everyone who benefits, someone else gets dumped on – determining that not everybody gets Lambo with crypto.

1. Stick to your game plan Continue to trade according to your financial plan. Sticking to your plan will ensure you earn profits at higher valuations and earn liquidity at lower prices. 2. Take profi

bottom of page