Introduction to Cryptocurrency | Earn 200$ from Crypto - YouTube

Unless you're living under a rock, you probably know that Blockchain and cryptocurrencies

are taking the world by storm.

Bitcoin, NFTs, dexes, dapps, Ethereum etc.

It's impossible to browse the news, Twitter or any other social media without coming across

their references.

Do you feel the same?

If yes, then you are in the right place.

Hello viewers, and welcome to my channel, where we talk everything about cryptocurrency.

The digital currency trend is taking the fire in the world like anything.

The person next door or people on the roads everyone is talking about cryptocurrency is

going to take over the world in a few years, but there are many things about this popular

bean that only the experts know and common people don't even know about their existence.

Therefore, to help you understand cryptocurrency better, we will talk about everything about

it in this video.

If you are thinking about investing in crypto, stay with us until the video's end because

you must know all this before stepping into the fancy digital crypto world.

The crypto space has evolved so much in a breathtaking space that even the most prominent

names in the space admitted that they did not foresee specific developments.

Additionally, the crypto community isn't exactly shy about promoting the new jargon.

People are looking for staking, Defi, proof of work, exchangeability, gas prices, etc.

You may have heard personalities saying such words.

In such a scenario, it can be challenging to figure out exactly where to start.

For all his talk of 'democratizing finance', it may come as a rude shock when you realize

how expensive it really is to do basic things in the crypto world.

Trying to get into the gap will easily set you back a few hundred dollars.

Every company must decide how it will approach management and decision making.

Changes in technology, customer expectations and workforce expectations make the decision

more important than ever.

Companies often choose between two main types of management structures: centralized management

and decentralized management - but they can also choose a combination of the two.

Decentralization in business transfers day-to-day operations and decision-making power by top

management to middle and lower-level managers and sometimes even team members.

A decentralized structure allows top management to focus more on growth opportunities and

big decisions rather than day-to-day tasks.

While traditional decentralized approaches may implement rigid frameworks with checks

and checks, radical types of Decentralization broaden the scope of decision-making.

The main idea behind a decentralized approach is to delegate authority and responsibility

to those who know best, as they are closer to stakeholders and have relevant information.

For example, a personal banker who orders debit cards for their customers every day

will be able to detect debit card issues faster than senior management.

Instead of sending customers with debit card problems to senior management, they can use

the information available to them to solve customers' problems directly.

Now let's talk about Decentralization.

It refers to a particular form of organizational structure in which top management delegates

decision making responsibilities and day-to-day operations to middle and lower subordinates.

Thus, top management can focus on making important decisions with more time.

Businesses often feel the need for Decentralization to maintain efficiency in their operations.

Decentralization can be understood as the regular assignment of authority across management

levels in an organization.

It explains how decision-making power is distributed among various levels in the organizational

hierarchy.

In other words, it refers to the Decentralization of powers, functions and responsibility away

from the central location.

Decentralization promotes self-sufficiency and trust among subordinates because when

authority is delegated to lower levels, they have to rely on their decisions.

With this type of delegation, managers are constantly challenged and forced to find solutions

to problems they face in day-to-day operations.

Decentralized applications are digital applications or programs that exist and run on a blockchain

or P2P computer network rather than on a single computer and are beyond the view and control

of a single authority.

DApps can run on a P2P network or a blockchain network.

For example, BitTorrent, Tor, and Popcorn Time are applications that run on computers

that are part of a P2P network.

Multiple participants consume feed or seed content or perform both functions simultaneously.

In the context of cryptocurrencies, dApps run on a blockchain network in a public, open-source,

decentralized environment and are free from control and interference by any single authority.

For example, a developer could create a Twitter-like dApp and put it on a blockchain where any

user can post a message.

Once published, no one, including app creators, can delete messages.

The other to focus on in his world is Blockchain.

It is a system of recording information in a way that makes it difficult or impossible

to modify, hack or cheat the system.

A blockchain is essentially a digital ledger of transactions that are replicated and distributed

throughout the entire network of computer systems on the Blockchain.

Each block on the chain contains a series of transactions, and each time a new transaction

occurs on the Blockchain, a record of that transaction is added to each participant's

ledger.

The decentralized database managed by multiple participants is known as Distributed Ledger

Technology.

Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic

signature called a hash.

This means that if a block in a chain is changed, it will be immediately apparent that it has

been tampered with.

If hackers wanted to disrupt a blockchain system, they would have to replace every block

in the chain in all distributed versions of the chain.

Blockchains like Bitcoin and Ethereum are constantly and continuously growing as blocks

are added to the chain, significantly increasing the ledger's security.

Blockchain seems to be the driver of the next-generation Internet, which some are calling Web3.

Blockchain reinvents the way data is stored and managed.

It provides a unique, collectively managed dataset.

This unique state layer provides for the first time a value placement layer for the Internet.

It allows us to send files in a copy-protected manner, enables real P2P transactions without

intermediaries, and it all started with the advent of Bitcoin.

So, this is the world of crypto and Blockchains and everything you need to know about the

crypto world.

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