Cryptokon.

02/20/2022

02/19/2022

Welcome to Metaverse

02/14/2022

*How Do NFTS work?*

Most NFTS are part of the Ethereum Blockchain. I'm sure most of you already know what Ethereum is, Bitcoin's second in command.

NFTS are basically forms of art which are Based on and supported by a particular blockchain. The most popular one for non-fungible tokens is currently the Ethereum blockchain.

•You’ll need to have a cryptocurrency wallet, complete with cryptocurrency. The most widely used one is currently ether (ETH).

•You can create and sell your digital assets on an NFT marketplace. The OpenSea platform is a popular, Ethereum-based platform.

02/12/2022

INTO THE METAVERSE

What Is the Metaverse?
The metaverse is a digital reality that combines aspects of social media, online gaming, augmented reality (AR), virtual reality (VR), and cryptocurrencies to allow users to interact virtually.

Augmented reality overlays visual elements, sound, and other sensory input onto real-world settings to enhance the user experience. In contrast, virtual reality is entirely virtual and enhances fictional realities.

As the metaverse grows, it will create online spaces where user interactions are more multidimensional than current technology supports. Instead of just viewing digital content, users in the metaverse will be able to immerse themselves in a space where the digital and physical worlds converge.

We would be able to teleport our realities into different locations, while our physical bodies remain in their original locations.

02/12/2022

WEB 1.0.

Also called the Static Web, was the first and most reliable internet in the 1990s despite only offering access to limited information with little to no user interaction.

Back in the day, creating user pages or even commenting on articles weren’t a thing.

Web 1.0 didn't have algorithms to sift internet pages, which made it extremely hard for users to find relevant information. Simply put, it was like a one-way highway with a narrow footpath where content creation was done by a select few and information came mostly from directories.

They probably doubted web 2.0 would ever exist like I'm sure 20 percent of the people on this community are actually doing right now.

02/06/2022

WEB 3.0.

Web 3.0 is decentralized in nature, moving us away from centralized networks such as Facebook,Twitter and WhatsApp to name a few, it will now be built on the blockchain network, the decentralized network that Cryptocurrencies are built upon.

♦️For too long, a few large corporations have dominated the internet, meaning that individuals have had less control.

♦️These organizations have asked us to provide our personal data in exchange for access to their platforms and services, that they have then monetized and used for profit.

♦️No more, people would have more control over their assets, over their personal information,no more invasive ads and this might mean centralized apps go extinct. And if you think these words I'm writing are fables or just future expectations then you are far behind.

♦️It's the Fear of this upcoming METAVERSE that forced Facebook to change it's Company name to Meta

02/03/2022

WEB 2.0

♦️Web 2.0 started being used as a term around 1999 and is the internet that we've all gotten used to using today. it's the forms of social media we have today.

♦️Web 2.0 is the current module of Internet the world has in existence today. Basically, it's the Facebook. The Instagram. The WhatsApp.

♦️⚪♦️Web 2.0 has been characterized by the rise of apps, platforms that enabled self-publishing such as WordPress and Squarespace, and social media platforms such as Facebook, Instagram, LinkedIn and YouTube.

⚪Web 2.0 is centralized.

♦️And it's centralized nature is seen in the fact that before you sign up to any social media network, you would have to submit your details. Usually your personal details,just to get in, you would have to give the social media outfits you are looking to sign up on your information.

KEY WORD: “Centralized” means controlled or governed by a central body. centralized refers to a situation where by a single node or a small number of them control the entire network.

♦️This information is information that can be sold by these social media houses to any interested party.

♦️ in addition to this, Facebook can block your account, Instagram can disable it, comments can be flagged.

⚪Have you ever thought of a world where we could post whatever we wanted?

No more Facebook banning your ads or no more invasive, meaningless and worthless pop ups or ads. An internet where you decided what you wanted and only that was shown to you?

It's coming in the form of Web 3.0.

02/02/2022

*WHY YOU SHOULD USE CRYPTOCURRENCIES*

No.5 is kinda my favorite.🤑😅

1. If you have a strong desire for a long term store of value.

2. You are not at the losing side when there’s an inflation unlike the cedi or just keeping your money in the bank

3. Fraud-proof: When cryptocurrency is created, all confirmed transactions are stored in a public ledger. All identities of coin owners are encrypted to ensure the legitimacy of record keeping. Because the currency is decentralized, you own it. Neither government nor bank has any control over it.

4. Accessible: There are over two billion people with access to the Internet who don't have rights to use to traditional exchange systems. These individuals are clued-in for the cryptocurrency market.

5. Juicy ROI: This simply means you'll get a much more better interest holding, staking cryptocurrencies.

6. Liquidity: liquidity means two things

1. It's adoption is massive.
2. You can buy and sell almost any time you choose.
LIQUIDITY MEANS THE ABILITY TO CHANGE YOUR COINS TO MONEY

That'll all.
I hope with these few points of mine I have been able to convince you and not to confuse you that Cryptocurrency is the future of money. 😅🔥🔥

01/30/2022

TYPE OF CRYPTO WALLET

There are two basic types of crypto wallets and they are Software and Hardware wallets.

Software wallets:
software wallets include web wallets, mobile wallets, and desktop wallets.

Hardware wallets:
Hardware wallets store your crypto on a hardware device like a USB drive. Even though hardware wallets make transactions online, they are stored offline which helps to increase security. Hardware wallets can be compatible with multiple web interfaces.

STORING CRYPTOCURRENCIES

You can store your cryptocurrency in a secure digital wallet like Coinbase or Blockchain and can send & receive accordingly with your wallet address.

A wallet address is to a cryptocurrency wallet what an account number is to a bank account, you send & receive cryptocurrencies with it.

01/28/2022

*WHAT IS A CRYPTO WALLET?*

🔸It is simply where Cryptocurrencies are stored.

I'll explain further in the points below.

🔸Cryptocurrency wallets are software programs that store your public and private keys and interface with various blockchains so users can monitor their balance, send money and conduct other operations. When a person sends you bitcoins or any other type of digital currency, they are essentially signing off ownership of the coins to your wallet’s address.

🔸To be able to spend those coins and unlock the funds, the private key stored in your wallet must match the public address the currency is assigned to. If the public and private keys match, the balance in your digital wallet will increase, and the senders will decrease accordingly. There is no actual exchange of real coins. The transaction is signified merely by a transaction record on the blockchain and a change in balance in your cryptocurrency wallet

*Cryptocurrency wallets enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.*

01/28/2022

* WHO INVENTED CRYPTOCURRENCY??*

🔸 Cryptocurrency came about through the creation of Bitcoin by Satoshi Nakamoto in 2009.

🔸Bitcoin paved way for a huge number of subsequent cryptocurrencies - some aiming to compete, and others seeking to integrate features not available in bitcoin.

*Why Is It Called Cryptocurrency??*

🔸The term "Cryptocurrency" is a combination of _cryptography and currency_. This is simply because cryptocurrencies makes use of cryptographic techniques to secure transaction between users.

01/27/2022

CRYPTOCURRENCY
Firstly , I'd like to explain a little bit on the term Cryptocurrency *

🔸🔸In the most simplest terms, cryptocurrency is simply Digital money.
🔸🔸Cryptocurrency is simply money that is not in paper form...Rather, it is electronic. Crypto Currency is the money that you can't see, touch or feel. Money is a means of exchange or making payments and that is also what cryptocurrencies are.
💥💥

🔸🔸A cryptocurrency is a type of currency which uses digital files as money. Usually, the files are created using the same methods as cryptography (the science of hiding information)....Digital signatures can be used to keep the transactions secure, and let other people check that the transactions are real....The first cryptocurrencies were made to be independent of government-issued currencies.

🔸Cryptocurrencies are functional 24 hours a day, 365 days a year. They allow the transfer of value anywhere around the globe without the intervention of middlemen e.g banks. And this is why cryptocurrencies are referred to as permissionless: anyone with an internet connection can transmit funds.