News

What is Cryptocurrency 

There is a frenzy across the world right now and it is making people go nuts, but what is it all about and why is the world CRAZY on Cryptocurrency. Everyone’s lips right now are all talking about it and it is Hot Hot Hot!!!!

In this post I will take you on a journey into Cryptocurrency & the Blockchain technology which some Experts are saying “is the biggest invention in economic history since the internet was created”

I never thought I would see anything like this in my lifetime. A movement so big it will change Money and they was go about our every day lives forever!!

A few of the smartest people on the planet who create industries and multi-billion dollar companies are all backing and putting their reputation fully behind this revolution.

Let us have a look at what they have to say about this idea, concept and technology that is changing the world as we know it!!


BILL GATES –
“THIS IS THE TECHNO FORCE OF TECHNOLOGY.”

Bill Gates just invested 400 million dollars into Microsoft in adapting this technology& have partnered with Ethereum as well. 


SIR RICHARD BRANSON-
“THIS IS THE PIONEER OF THE GLOBAL CURRENCY”

Sir Richard Branson holds a yearly Cryptocurrency event on Necker Island.


MARC ANDRESSON –

invented the Web Browser, who is the biggest investor in digital money space, Co-Founder and General Partner of Silicon Valley firm Andresson Horowitz. He sits on the Board of Directors of Facebook, eBay, and Hewlett-Packard Enterprise.invested over a billion dollars into the Blockchain technology.  


PETER THEIL – FOUNDER OF PAYPAL –
“THIS WILL CHANGE EVERYTHING”


ERIC SCHMIDT – CEO OF GOOGLE –
“THIS HAS THE POTENTIAL TO CHANGE THE WORLD AND SOMETHING THAT CAN’T BE DUPLICATED IN A DIGITAL WORLD HAS HUGE VALUE. ”

When you see the ‘Smart Money’ moving into this new industry and space with tremendous confidence and openly talking about this concept, you really should listen and take their advice. 

“What the Internet did for information, this will do to money!!”

This is more than just a currency, though it is a Technology, a Network, and a Community combined, that will change the human culture just like Google, Facebook, YouTube has done to the world already, but on a much larger scale.  

You and I now have an opportunity to be part of a change, a shift, a movement so big it will change our monetary believe’s forever. This will make a difference to our lives is such a way it will impact us for generations to come.

A system that is so positively impactful to the world it will change the way we use and transact money as we know it.. A new currency that can be sent instantly anywhere in the world just like sending an email but without the banks taking a slice of your transaction is changing money as we know it all around the globe.

If you own a Mobile phone you can start using the new currency today!!

How does that sound and I have I got your attention yet??  
Ok,stick with me and I will now talk a bit more on how this all come about? 

Money is just a language we use to say thank you as a means of exchange, and no matter where you are from you are told you have to use that currency because it’s the Country’s Currency where you were born. You have never had a choice of the currency you must use. 

That is until now!!  
In 2008 after the huge economic crash happened, an Anonymous called Satoshi Nakamoto announced he had found a way to make a financial transaction with a peer-to-peer (P2P) network that could achieve a Consensus agreement without any central controlling platform, i.e., Banks. These included instant transactions and practically no fees. Which allowed you to now become the bank and control your own money so if there were another Financial crash in the future, you would protect yourself from any further harm to your money and income and hard earned savings.


Everyone thought Satoshi was crazy!!
‘Satoshi created a white paper proving just this and in 2009 he released the software to create a decentralized cryptocurrency called Bitcoin. Satoshi proved everybody wrong and the evolution of money begun.

Bitcoin is not a company though nor is it an organization, it is far more than that. It is a Technology a Community and a Currency.

Similar to the internet; as it is not owned by anyone or tied any bank or government. It is a group of supercomputers running on mathematical laws that solve complex equations. When a sum is solved a coin is rewarded.

The first ever Bitcoin/Cryptocurrency transaction was recorded was for 2 pizzas. 
There were 2 guys, 1 from Florida and the other from London.

The Guy from Florida put a message out on the bitcoin forum who wanted to test this out.

(A reminder they had thousands of coins due to it being so low in price at just 10¢ a coin).

The guy from London replied he would make the payment for the 2 pizzas. So he rung the guys local Florida Papa Johns and ordered two pizzas. The guy from Florida sent him 10,000 coins which I think he may have regretted a few years later on as that transaction now goes down in history as the most expensive Pizza in the world valued at $20MILLION DOLLARS +.
How would that make you feel giving away something of that value??

I for one was offered Bitcoin back in 2011 but I didn’t understand it then as it was very complex and it was made for very smart IT savvy guys.

Probably one of my biggest mistakes not taking that opportunity.

When I look at Bitcoin it is amazing to see how far it has come and now valued well over $2500 a coin. Yes you read that right from 0.10 c – $2500 a coin. This goes down as the biggest returning investment of our lifetime. If you had put just $100 into Bitcoin back then you would now be a multi millionaire. 

Bitcoin is the first mover of this technology and sometimes that is not always the best place to be when it comes to technology especially when it comes to the common man. They have not reached that yet, I believe if your Grandparents Or Parents can not use the technology easily it is not going to hit mass market very easily.

When Netscape first come about Yahoo was the next mover, but that was very unorganized. Then Google came along and organized the content and made it easier for people to use.

Myspace was the first main social media to come along, and now the common man uses Facebook, and that has Billions of users now in a global market.  


Bitcoin was not really designed for the mass market, it was an experiment that gained growth very quickly. Now you can not get rid of it and you have a huge opportunity to create a lot of wealth if you play it right. There are no guarantees though it can go down in value aswell.

Every Cryptocurrency created can only ever produce a finite number of coins and is run on mathematical laws that cannot be changed. Once the number of coins is set to be created and written into the code, you can not create any more coins unless you change the code and algorithm all together. 

Each coin has a unique serial number attached that will be linked to an individua like a DNA it is unique and can not be copied in anyway. Counterfeit money is now a thing of the past Money can not be copied it is unique to the owner..There is Zero identification fraud with encrypted money hence Cryptocurrency.  Simply it is encrypted money.

Making your money much more safe and secure than any bank is the goal of this concept. 

There is only a finite number of coins available, making the new currency inflation proof. When there is a greater demand for this currency it will then drive the value up. Your money is now an appreciating asset. Unlike the usual Fiat money that will lose purchasing power every year with inflation. 

Cryptocurrency can increase in value and put money back into your pocket.

 

(This is just a demo to show Cryptocurrency increasing in value, there are no guarantees you will get a Lamborghini.)

When a transaction is made with Cryptocurrency, the transaction is recorded in a public ledger called a Blockchain. Each transaction is time stamped and dated. Every computer in the network must agree on the transaction, which then allows the sender to issue currency to the receiver, so the receiver now has the money.

In theory, this is just one true source of information and a trust value is now added to your money and transactions. That is very very powerful when you understand that.


I wrote an article on the Blockchain not so long ago which you can see here….

https://thecryptoproezine.com/2017/06/19/what-is-the-blockchain/

Cryptocurrency operates on mathematical rules. It is a computer programme and code. When Satoshi created the code for Bitcoin, he created it with 21 Million coins that could only ever be made. 

Each coin created is one sum that has been solved by a process of the computers solving the equations. The Creation of coins is called MINING. 

This is when computer programmes and algorithms solve the mathematical equations. So the mining is the computers solving the mathematical problems and creating the coins.You put in the capital to run the hardware with Electricity and the energy needed to pick away at the equations that need to be solved by the super computers. 

The more capital you put into the mining operation The more discount you receive on the return of your coins. You are in theory buying your coins at wholesale and then can sell at retail price.

If a currency has 21 Million coins like Bitcoin has that is 21 million sums that need to be solved.
For example and the easiest way for me to explain this is:

if the equation was to find a number 5 we could find 3 coins.
1+ 4 = 5 so that is one solution to the sum so that would create 1 coin.

3+ 2 = 5 that is another solution to the code so would make 1 more coin.

0 +5 = 5 ….

If I was to send my money to a friends account in this P2P decentralised network every 10 minutes, the Network agrees on what transactions have happened by a simple election that happens electronically through the Blockchain.

The Blockchain is about to change everything.This is the technology that will change human culture as we know it!! This is far more important than anything you can imagine. 

This is the start of a new form of trust we have never had in the world or in our lives before.

Nothing like this has ever been created before.When you know you have simply 100% trust on Money,votes,school grades,Loans,mortgages,cars, the list is simply endless, but when you have 1 true source of information you can never be cheated lied to or manipulated again.

This is a Multi-Trillion Dollar market just as the banking and finance sector iis today..We no longer need the banks to make transactions though. Bankless transactions are now the way we can conduct business and purchase goods and services from around the world as we choose.

We have never been able to control our money like this before it is a Social-Political Revolution (SPR) upon the world and people are waking up to the ways the banks operate by overcharging individuals for everything we do, taking money out of our pockets and putting into theirs.

People now want a better solution, and Cryptocurrency is just what the world needs right now to evolve and become a better place for us and our children to live in.

Cryptographic Currencies are Just like when the internet begun. We had no idea how it worked, and we had to learn how to use it with a learning and education process. The same comes with Digital money we have to learn how to use this and adapt to our world. We need to accept the new global currency as it is coming like a bullet train upon the world. 

You cannot un-invent this technology it is here to stay. So we can either learn about it now and position ourselves correctly so we can make some incredible profit from it. Or we can wait 5 years when we have no choice but to learn about it as it will be part of everyday life anyway.

Imagine in 5 years after reading this today and you did not take this opportunity. Then you are forced to use the new currency. Every time you place an order a product or service from anywhere or online merchant in the world. 

This is the perfect money for the I-age. It is not the money of the internet it is the internet of money. The bigger picture of what this technology can do for the world and what it can create for the people is simply incredible.This is the biggest movement in our lifetime, and I do not think we will ever see anything this important to our world economy ever again.

Start your journey today and contact The Crypto Pro’s for more information.  

Conclusion – 

Cryptocurrency is about to hange the way we use and transact money forever. It is the biggest movement of our life time It can not be hacked,or stolen. Cryptocurrency has a fixed supply, it can be sent anywhere in the world instantly with practically no fees, it can not be duplicated, it is inflation proof & it can increase in value and create you a lot of wealth. What is not to like ..

If you would like more information please contact us today and we will get back to you asap. 

The Crypto Pro’s 

About The Crypto Pro's (38 Articles)
We are the Crypto Pro's team educating and training people on Cryptocurrency & the Blockchain Technology. There is about to be a major shift in the world that will impact many lives. This is the biggest invention of our lifetime so far & we want to help you understand how it works and how you can benefit from this too. Cryptocurrency & the Blockchain will change the world as we know it. So take your time to go through the training's and articles we are here to help you all the way.

3 Comments on What is Cryptocurrency 

  1. Opoola Aderanti // July 5, 2017 at 9:38 pm // Reply

    I would be grateful if you can furnish me with more details on cryptocurrency and how it works as well as registration links.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: