We are here to educate and bring awareness to the world of what cryptocurrency is and why we should adopt it into our daily lives. Banks have been in control of our money for centuries which has prevented people from having authority over their own wealth. Banks have abused their power by deleting people’s accounts, putting blocks on people’s account activities, enforcing limits on how much we can spend and where. Simply, our money is in their hand and they can do what ever they want with it. The current state of the money system that has been built over generations of corruption and neglect has lead to innovation to bring a solution.
What is Cryptocurrency?
Cryptocurrency is a new form of money that gives freedom and independence back to the people. Crypto uses technologies such as cryptography, blockchain and encryption to create a trustless payment network that is not owned by an individual or company but instead owned equally by everyone allowing you to take full control over your wealth.
As a new user, you can get started without understanding the technical details. Once you’re set up with a secure wallet, it’s as easy as pressing a button to send and receive with anyone around the world.
How can I keep my Crypto safe?
Trezor is a secure, well-known hardware wallet used by people around the world. This hardware wallet is a portable device that is easy to carry. The Trezor wallet was specifically created to store offline private data, providing full protection from hackers — even when used with an unsecured computer.
If you are looking for a secure hardware wallet that is designed specifically for storing crypto and will never reveal your private keys, look no further than Trezor.
Cryptosteel Seed Backup
Cryptosteel is metal device that stores your seed and has been designed to survive extreme conditions, e.g. fire, water and more. Unlike paper that can easily be damaged where your funds can be lost forever. When we take full control of our money, it comes with a responsibility of how we secure it. There won’t be anyone to call to recover your money like there is with banks.
Another way of securing your seed is to memorise it, however this comes with a downside of possibly forgetting it.
How Does a Transaction Happen?
Transactions are processed on the blockchain which is a shared public list of verified transactions that cannot be changed or corrupted, keeping everything fair.
What is Crypto Mining?
Bitcoin mining refers to the process of digitally adding transaction records to the blockchain, which is a publicly distributed ledger holding the history of every bitcoin transaction. Mining is a record-keeping process executed through immense computing power. Each Bitcoin miner around the world contributes to a decentralized peer-to-peer network to ensure the payment network is trustworthy and secure.
To securely add to the blockchain ledger, Bitcoin mining computers solve complex mathematical problems. When a solution is found, the latest block of confirmed transactions is added as the next link in the blockchain. As an incentive to mine and contribute to the network, the miner who solved the problem is rewarded a block of Bitcoin.
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