First what is Crypto-currency ? Crypto-currency is a digital asset or what some people would refered to as internet money ! Crypto-Currency was designed to work as a medium of exchange that uses strong Crypto-Graphy to secure financial transactions, also by controlling the creation of additional units, and verify the transfers of assets. and in January of 2009 a giant leap was made in the crypto space when Satoshi Nakamoto beings the academic concept to ( virtual ) reality with the creation of Bitcoin which is now the worlds most popular cryptocurrency out there. Bitcoin cryptocurrency a form of electronic cash using Blockchain technology is a decentralized digital currency operating without a Central Banking System where users can send digital currency to each other or even buy things online using peer to peer Bitcoin network without the need for intermediaries. Using just a cryptocurrency wallet which could be anything from a physical device, program or a service which stores the public and / or private keys and can be used to track ownership, receive or spend cryptocurrency in which all your transactions will appear in whatever Bitcoin wallet you decided to use. And with so many different types of Bitcoin wallets out there it can sometimes be a difficult choosing the best or most appropriate one for you especially if your a beginner just getting started in the cryptocurrency world. So when your just getting started as a newcomer in the crypto world it would always be wise to do a little research first to check out several different types of wallets that provides different ways to store and access your digital currency whether you are using a desktop wallet, online wallet, mobile wallet or a hardware wallet.
One of the worlds largest & most popular in the cryptocurrency business is Coinbase https://www.coinbase.com/join/chin_fvi which has a mobile wallet, desktop wallet and also a online wallet which they broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin with Fiat currencies in approximately 32 countries, and Bitcoin transactions and storage in 190 countries worldwide and even a great option which give you the chance after you create a account to earn different cryptocurrency while learning about cryptocurrency on the coinbase interface. In the near future there is no doubt we'll see many of these wallets like Coinbase https://www.coinbase.com/join/chin_fvi, Mycelium bitcoin wallet, Blockchain wallet or Bittrex all using dozens if not hundreds of different types of cryptocurrencies within there wallets interface at the same time. As like any other business on the internet remembering and keeping your password & keys safe and secure is always a crucial aspect so you should always remember to NEVER save your passwords & keys online no matter what and always use a password manager like Lastpass to make sure you don't end up losing your password in the future. Lastpass has a free and also a paid version but both versions have a unique feather to automatically generate new, safe and hard to crack passwords instantly with just a simple click of a button which is a very cool and awesome feather, I'm also using lastpass to keep all my passwords in one place and i would definitely strongly recommend it to anyone not already using it for sure. While at the same time storing a large amount of bitcoin & other cryptocurrencies would best stored on a Hardware wallet device like a USB like the Ledger Nano https://shop.ledger.com/?r=183ea6857001
The Ledger Nano X https://shop.ledger.com/?r=183ea6857001 Which gives you the ability to just simply plug in the device to any internet enabled computer or devices, enter a pin, send currency and confirm transactions online but meanwhile having your cryptocurrencies stored offline which will definitely protect your wallet from potentially getting hacked by keeping your money offline and away from danger. All of these software and hardware technology based Corporations all evolve around cryptocurrencies in someway or the other whether to buy, sell, store and in some cases even Mining Cryptocurrencies, As well these companies also have affiliate programs where you can earn commissions by getting people to join there program. Which kind of spark a new revolution for cryptocurrencies like a type of Gateway paving the way for new cryptocurrencies such as Z cash, Dash, Ripple, Monero, Steem and Dodecoin just to name a few. And with Facebook being the Largest social media platform in the world operating on a global scale it shouldn't come as a surprise when the social media giant announces the plan to create a new digital currency called Libra set to launch in the first half of 2020 which will be run by a non-profit Libra association based in Geneva Switzerland. It's goal according to them is to be broadly accessible, stable and secure and at the same time having a relatively stable government backed money unlike Bitcoin and other cryptocurrencies. Already joined by more than 2 dozens companies and organizations that are founding member which includes payments companies like Visa, Paypal and Stripe. And also on board are some tech companies like Uber, Ebay, Lyft, Spotify and Latin American payment platform Mercado Pago just to mention a few. Also Calibra which will be a digital wallet powered by Facebook that will be accessible as a stand-alone App and integrated into Messenger and Whatsapp and maybe even on our instagram as well. According to Facebook it's Designed to enable anyone to securely store money for free on their phone and to allow people to securely send and receive Libra around the world without fee's for consumers, and possibly ( very low ) fee's merchants. Facebook even have plans to offer other financial services such as loans from which it could profit. So lets think about this for a few minutes Whatsapp and Facebook messenger embedded with a digital currency wallet ! And how will it affect remington money transfer firms like Western union and Money gram or even some Banks ? Will Facebook becomes your Bank sometime in the Future.
I had to share this very interesting video with Brain Rose from London Real interview with Andreas Antonopoulos who is a Greek-British Bitcoin advocate. Thanks for reading my post and i hope you enjoyed the video as well have a Nice day.
