Crypto Teacher

17/07/2021

https://t.me/GS8366

Crypto Crew stalks new and major projects in the market. The sole purpose of this group is to provide you best project for investment. We organize AMA, shilling contest, and provide Asian community... https://twitter.com/CryptoCrew10?s=09

27/06/2021

• A stock is not just a ticker symbol or an electronic blip; it is an
ownership interest in an actual business, with an underlying value
that does not depend on its share price.
• The market is a pendulum that forever swings between unsustain￾
able optimism (which makes stocks too expensive) and unjustified
pessimism (which makes them too cheap). The intelligent investor
is a realist who sells to optimists and buys from pessimists.
• The future value of every investment is a function of its present
price. The higher the price you pay, the lower your return will be.
• No matter how careful you are, the one risk no investor can ever
eliminate is the risk of being wrong. Only by insisting on what
Graham called the “margin of safety”—never overpaying, no mat￾
ter how exciting an investment seems to be—can you minimize
your odds of error.
• The secret to your financial success is inside yourself. If you
become a critical thinker who takes no Wall Street “fact” on faith,
and you invest with patient confidence, you can take steady
advantage of even the worst bear markets. By developing your
discipline and courage, you can refuse to let other people’s mood
swings govern your financial destiny. In the end, how your invest￾
ments behave is much less important than how you behave.

26/06/2021

What is Cryptocurrency?

As discussed earlier, cryptocurrency is one of the many applications of blockchain technology. The sole purpose of digital currency is to facilitate commercial transactions by providing a medium of exchange. It does so by providing a publicly accessible ledger that maintains an immutable record of all transactions. Bitcoin currently remains the most widely used and valued cryptocurrency out there, with Ethereum holding second place. However, more than one thousand two hundred different cryptocurrencies have come into existence in the last few years, each competing with the other to be the best.

What is a Cryptocurrency Wallet?

Wallets are what allows one to store cryptocurrencies which have been purchased. A cryptocurrency wallet is, in fact, a prerequisite to being able to buy any electronic coins. A wallet can be solely virtual or have a hardware form – this is referred to as “hot storage” and “cold storage” respectively.

A purely software wallet functions very much like an online bank account. This is known as ‘’hot storage’’ and it is thought to be a more user-friendly way to open and use a cryptocurrency. The downside of having this type of wallet is thought to be in the increased risk that is associated with having valuable data stored online, that could potentially become the target of hacker activity.

A hardware wallet functions like a USB key. Storing cryptocurrency in this manner is referred to as “cold storage” and is thought to be more secure than hot storage, as the cryptocurrencies reside inside the USB and have no online account which can be hacked.

23/06/2021

What are Forks?

A cryptocurrency fork is – an attempt to reconfigure its protocol (i.e. computer code) with the ostensible aim of improving the said cryptocurrency’s performance or remedying some sort of problem with it. More simply put: a fork is a change to the software of a cryptocurrency that creates two separate versions of the blockchain with a shared history.

Forks can be temporary, lasting for only a few moments, or permanent. A permanent fork creates a perpetual split in the network – creating two separate versions of the blockchain and subsequently two different cryptocurrencies. Examples of circumstances that may lead to forking are: a change in the rules of the blockchain on which the digital coin operates, reversal of the effects of hacking or catastrophic bugs, or in the event of disagreement between the nodes regarding

historic transaction(s). The two most common types of forks are “hard” forks and “soft” forks.

Soft Forks:

Soft forks generally occur in the rare cases when two or more miners validate a block at the same time. In such an event, they will each produce their own hash (verification code) for that block. The most frequent way such a situation gets resolved is by adding the next block to the blockchain, with the nodes subsequently verifying that this particular chain is the longest and therefore, the most correct, rendering the other chain invalid.

Hard Forks:

Hard forks are intentional and are imposed by the developers of a blockchain with the purpose of changing the rules of the blockchain. Since Bitcoin is on an open source blockchain, developers can impose changes at any time. During a hard fork, developers take a “snapshot” of the blockchain ledger at the forked block. For every token that you own at that time, you should receive a certain amount of the new tokens – usually at a 1:1 ratio. There are 2 ways a hard fork can proceed:

The majority of nodes do not agree with the new rules and continue as normal. If the fork occurred and a percentage of nodes did follow the new rules, the majority would reject their blocks and force them to create their own coin.
The majority of nodes agree with the change in rules and the nodes that run the existing rules are forced to either change rules or they fork off and create a new cryptocurrency.

08/06/2021

3.0 Decentralized Apps:

The advent of decentralized blockchain technology not only paved the way for cryptocurrency and smart contracts but also for a new generation of computer programs/applications known as decentralized applications or ‘Dapps.’ The code of these programs is not stored on centralized servers but is instead — as the name suggests — stored on a decentralized, peer-to-peer network.

This means that Dapps offer protection from unwelcome interference that their centralized counterparts are not able to, as they do not have a central server that can be attacked in any shape or form. As such, they are far more secure and are not vulnerable to attacks that a centralized piece of software might be, such as denial-of-service attacks. This aspect of Dapps has the potential to appeal to a very wide range of users. Both those concerned about security, as well as those anxious about censorship, could potentially find very attractive the fact that Dapps lack the capacity to be hacked or to be vulnerable to other attempts to disable them.

04/06/2021

2.0 – What is a Smart Contract?
In a more traditional, centralized system, different parties that wished to conduct some kind of a transaction had to rely on a (presumably) trustworthy third party, such as a bank, an attorney, or a government agency to provide escrow services. In other words, to adjudicate the transaction – to make certain that all parties fulfill their contractual obligations.

In a decentralized system, the validation and adjudication functions are delegated to every peer in the network, thus, eliminating the need for third-party oversight altogether. Such an application of blockchain technology is referred to as ‘smart contracts’. These smart contracts are essentially blockchain-based computer programs that are coded to automatically execute certain predetermined actions, only after all parties have met their contractual obligations. In effect, these programs make sure that no one receives what they want until they fulfill their end of the bargain. The really fascinating implication here is that the decentralized aspect of blockchain technology eliminates the need for third-party escrow services. Instead, the decentralized nature of this technology, itself acts as the escrow service provider, thus, potentially saving tremendous amounts of money and work hours.

03/06/2021

1.0 – Cryptocurrency

It is the distributed ledger aspect of blockchain technology that allows it to power cryptocurrencies such as Bitcoin, Ethereum, as well as over a thousand others. Because every peer has a complete record of the history of all transactions, he or she, therefore, knows the balance of every account at all times. The ledger, as an immutable record of all transactions, can be relied on to confirm if an upcoming transaction is valid or an attempt to double spend. It is these properties that enable cryptocurrency to serve as a purely digital, cashless, medium of exchange.

02/06/2021

Pros & Cons:

As blockchain technology started to come into its own in the last few years, the vigorous debate regarding its utility, application, and role in the global economy has continued to grow unabated. Proponents have posited that blockchain technology has the potential to:

Help individuals around the world transact freely, without government interference
Offer increased security by virtue of the unassailable nature of the blockchain
Remove the need (and associated cost) of third-party escrow services
Just as there are those who are enthusiastic about the potential benefits of cryptocurrency, there are plenty of others who do not share this enthusiasm and voice consternation about the potential to use this technology for nefarious purposes such as:

Purchase of illegal/illicit items
Tax evasion
Financing of terrorism or other criminal activity

31/05/2021

What is Blockchain?

The term ‘blockchain’ is a reference to a constantly growing, digital list of records, termed ‘blocks,’ which are secured and connected to each other, through the use of cryptography. Cryptography – the namesake of cryptocurrency – is the science of digitally encrypting information in such a manner that would make it impossible for unauthorized parties to access or alter it in any way. It is the application of cryptography that makes information stored in blocks secure and reliable. These digital blocks of data come together to form an electronic database, which is essentially a publicly accessible (i.e. decentralized) ledger.

Decentralisation, is in fact, a key aspect of how the blockchain functions and keeps itself immutable – secure and free of malicious interference. In a decentralized network, information is not locked up in a central server, since there simply isn’t one. Instead, it is stored in the computers of all the participants of a given network. Every participant (or peer) has access to the ledger, that records and maintains the complete history of all transactions and can be referenced to check if a potential transaction is legitimate or not. Due to these factors, any sort of unauthorized transaction could not take place by definition, as in order for any transaction to proceed, it would require all the peers in the network to review (and subsequently approve) it before it could take place.

25/05/2021

How Does Cryptocurrency Work?

To begin to understand cryptocurrency, we have to examine the technology that powers it, and consequently, certain concepts to which cryptocurrency owes its existence. Let us first start by defining what cryptocurrency is. In short, it is money that:

has no cash form
is not issued by a government
Cryptocurrency owes its properties and existence to the advent of blockchain technology. Blockchain technology is the lynchpin of the entire cryptocurrency universe and among other things, enables cryptocurrency to function as a cashless, digital medium of exchange.

17/03/2021

"If life were predictable it would cease to be life, and be without flavor."

05/03/2021

"When something is important enough, you do it even if the odds are not in your favor."