The Cryptocurrency Crash & Blockchain Explained

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What is a Blockchain?  What are NFT's in Crypto? (Non-Fungible Tokens!) 

Crytocurrency and Blockchain Explained In Very Simple and Easy To Understand Terms.  A Must Watch Video. Copy & Paste the Link below to watch the video:   https://youtu.be/H-bX2eR4Yvs

The Cryptocurrency Crash:  By Kate Rockwood

Scandal and failure cloud the future of a new form of money.

   Cryptocurrency has gained a lot of buzz since its creation 14 years ago. The novel type of currency - computer code that people treat like money but isn't issued by a government or central bank-dangled many promises: it could protect holders against inflation, speed up financial transfers and create wealth.  Bitcoin, the best-known cryptocurrency, went from a value of less than $10 in 2012 to north of $60,000 in late 2021.  

   But by June of last year, Bitcoin had lost more than two-thirds of its value.  Crypto's image was further damaged in November, when FTX, one of the world's largest cryptocurrency exchanges, filed for bankruptcy with a reported $8 Billion shortfall in funds.  Funder Sam Bankman-Fried, an industry celebrity who had lobbied to establish cryptocurrency's legitimacy, was later charged with fraud and other alleged crimes.  

   So what's the future of digital currency?  Under proper government regulation, it could be a vehicle for instantaneous low-cost payments, days Merav Ozair, a cryptocurrency consultant.

   In the meantime, crypto remains a favorite tool of criminals.  If your new online friend or budding long-distance romantic interest offers to teach you how to make big bucks investing in crypto, alarm bells should start going off.  You're about to be Scammed!!     

Imagine a global, open alternative to every financial service you use today, accessible with little more than a smartphone and internet connection.

• Almost all cryptocurrencies, including Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, are secured via blockchain networks. Which means their accuracy is constantly being verified by a huge amount of computing power.
• The list of transactions contained in the blockchain is fundamental for most cryptocurrencies because it enables secure payments to be made between people who don’t know each other without having to go through a third-party verifier like a bank.
• Due to the cryptographic nature of these networks, payments via blockchain can be more secure than standard debit/credit card transactions. When making a Bitcoin payment, for instance, you don’t need to provide any sensitive information. That means there is almost zero risk of your financial information being compromised, or your identity being stolen.

Over 7 Trillion worth of Bitcoin has been transferred since 2009 (That's 7 Thousand Billion and 70 Thousand Millions)

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