BOOKS ABOUT CRYPTOCURRENCY, WHICH ARE WORTH ТО READ!

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Cryptocurrency: Everything You Need to Know About Cryptocurrency (Cryptocurrency, Bitcoin, Blockchain, Ethereum Book 1)

The market of cryptocurrencies has now reached over 350 billion dollar in evaluation. It is a remarkable achievement, since now this industry is bigger than McDonald’s and Pepsi. If this phenomenon could be left outside the media a few years ago, now it is

It All Began with Bitcoin The revolution is now unstoppable. Which cryptocurrency will become the new dollar?

The market of cryptocurrencies has now reached over 350 billion dollar in evaluation. It is a remarkable achievement, since now this industry is bigger than McDonald’s and Pepsi. If this phenomenon could be left outside the media a few years ago, now it is impossible to deny that there is a true revolution in act.

If you have never heard about the term “cryptocurrency“, you might be wondering what it is. A popular definition states that a cryptocurrency is a currency that operates trough a decentralized system (the blockchain), is anonymous for the most part and it is not backed up by physical coins.

It is easy to understand why so much attention is going into this space, especially since Bitcoin crossed 10,000$ in November. The general public, however, often is not aware of the fact that there are more than 1300 cryptocurrencies in circulation and that most of the are going to disappear in the next few months. There is this aura around cryptos that either showcase the next “big thing” or the quintessence of evil.

In reality, as it happens most of the times, the truth stands in the middle.

It is true that there are projects based on the blokchain that are scams, but this does not mean to underestimate the value of cryptos like Bitcoin, Ethereum, Litecoin and Neo, just to name a few of the meaningful applications that have seen the light in the past two years.

With his flawless style and his profound knowledge, Corey managed to put together a simple yet efficient approach to introduce people to the world of blockchain and cryptos.

This manual goes into well researched and newbie friendly reflections about the most important aspects of cryptocurrencies, such as:

What Is a Cryptocurrency?

Basic Knowledge of Cryptocurrency Language

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What Are Altcoins?

How Many Cryptocurrencies Are There?

How Do You Store Cryptocurrencies?

Chapter 8: Exchanges

Short-Term Trading and Long-Term Investing

How to Build a Profitable Portfolio

Determining a Cryptocurrency’s Future Power

By reading this book, you not only get a better understanding of cryptocurrencies’ world in general, but you get access to powerful information that provide a 360° education.

Disclaimer: this book is not for you if your goal is to get a quick and superficial grasp of cryptos.

Corey fully believes in this new financial system and wanted to offer a complete education trough this manual, while still letting the average Joe to understand it easily.

In Reality: Is Cryptocurrencies worth of time and money?

Тему создал/а kimberly24, December 18, 2020 in Off Topic

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How Libra, Facebook’s Cryptocurrency, Would Work for You

We break down the new cryptocurrency and what the company hopes you will be able to do with it, even though it hasn’t quite arrived.

    June 18, 2020

Facebook and a consortium of 27 partners on Tuesday unveiled Libra, a new cryptocurrency. Their goal? To create a new global money and the foundation for a fresh universe of financial services.

That’s a grandiose vision, but what exactly will happen and what will you be able to do with Libra? Here are the basics.

What exactly is Libra?

Libra is a cryptocurrency that is intended to be sent instantly, and with almost no fees, anywhere in the world.

It is built on some of the same principles as Bitcoin. But the aim is for Libra, unlike Bitcoin, to have a stable value, backed up by a basket of international currencies, such as the dollar, euro and yen.

A team at Facebook created the Libra project, and the company has added the partners, including many other big technology companies, to help oversee a Swiss nonprofit that will be responsible for the final design of Libra and for putting the system in place.

When will I be able to use Libra?

Facebook and its partners want to make the first Libra coins available to the public in 2020, but several roadblocks could stop or delay its release.

The Swiss association governing Libra will first have to agree on the final design of the cryptocurrency. Then the association will have to find banks willing to hold the money that will back up the currency. Financial regulators, many of whom have been hesitant about cryptocurrencies, will need to sign off on the design.

What will I be able to use Libra for? And on what services?

Libra is set up so that any company, not just Facebook, will be able to accept the coin and build wallets that will let people hold and spend it. That’s similar to the way that a diverse array of companies have created wallets and exchanges for Bitcoin.

Facebook said it intended to offer Libra to almost all of the 2.7 billion customers who are now on its Facebook Messenger and WhatsApp services. It also hopes to allow Libra to be used for payments for things like ads on its social network.

Facebook has set up a subsidiary, Calibra, which will be responsible for making Libra available to its users. Calibra intends to build other services on top of Libra, including, eventually, financial services like lending and investing.

Facebook hopes its partners, such as Uber and Spotify, will also take Libra as payment for car rides and online subscriptions, as they do with PayPal and Venmo today.

How will Libra work behind the scenes?

Every time someone buys Libra, that money will be deposited into a bank account where it will sit untouched, so that every dollar’s or euro’s worth of Libra will be backed by a dollar or euro in the bank, according to the Libra design documents. This is important because the bank holdings of Libra will generate interest that can be used to pay back the cryptocurrency’s initial investors. This structure will mean that an infinite number of Libra can be generated, in contrast to Bitcoin, which is meant to be capped at 21 million. Creating new Libra will not require anything like Bitcoin’s mining process, which has consumed enormous amounts of electricity and made Bitcoin the target of environmental critics.

Facebook and other companies that have created Libra wallets can encourage new customers by giving them a small number of Libra to get started. You will also be able to buy Libra by transferring money from a bank account or debit card. The cost of an individual Libra will be determined by the value of the basket of global currencies that backs up Libra, which will fluctuate slightly over time based on the value of the underlying currencies.

If Libra works as intended, once customers own Libra, they will be able to send them to any other business or person with a Libra wallet, anywhere in the world.

If you want to turn Libra back into dollars or other traditional currencies, Facebook’s wallet, Calibra, will make the conversion at the going rate — based on the current value of the underlying currencies — and transfer the money to another bank or online financial account like PayPal.

How will I set up a Libra wallet?

Customers of Facebook will be able to set up a Libra wallet by verifying their identities online with a government document.

Other companies working with Libra will be able to create their own wallets and verify their own customers. Only companies approved by Libra’s Swiss association will be able to move money in and out of the system.

Facebook hopes to initially make this process open to people almost anywhere in the world. This will probably be limited in many of the places where the social network is restricted, such as China and Iran.

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