Introduction to Cryptocurrencies | CatholicCryptoConference 2022
Simply Explained
Get an overview of how blockchain, digital wallets, exchanges, and private keys work.
More Simply Explained videos about:
- Blockchain: https://youtu.be/SSo_EIwHSd4
- NFTs: https://youtu.be/FkUn86bH34M
- Smart contracts: https://youtu.be/ZE2HxTmxfrI
Cryptocurrency is a digital payment system that doesn't rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions.
This is a talk I gave at the CatholicCryptoConference in 2022.
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⏱️ Timestamps 00:00 Introduction 01:43 What is a (crypto)currency? 06:42 How a blockchain works 15:26 How to buy crypto and where is it stored? 17:54 Wallets and private keys 23:50 Is there only 1 blockchain? And why so many cryptocurrencies? 28:31 Downsides of cryptocurrencies 34:00 Outro ... https://www.youtube.com/watch?v=vJfdO9QuroY
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