The Cryptocurrency

in #commerce8 years ago

Bitcoin is a digital asset,currency and payment system invented in 2008 by Satoshi Nakamoto who published the invention and released it as an open source software in 2009. This system works without any central repository or single administrator unlike CBN.This led the U.S treasury to categorize Bitcoin as a decentralized virtual currency. It is the first and the largest cryptocurrency that control more than 45% of the total global market.see coinmarketcap.com

This is 2007.Technology and innovation has taken over! Where's postal agency today?When was the last time you wrote a letter and posted waiting for days sometimes weeks before it gets delivered...Email and SMS did something right?
Remember how google helped your education, social media enhancing our communication and interactions... Therefore in a nutshell there's no disputing the fact that the internet is a protocol for information that disrupted the globe. Just imagine yourself without a phone for life in this generation ?

However, there's internet 2.0 which is code-named Blockchain which is still sounding very alien to a greater percentage of the world just like its forerunner internet 1.0 was 2 decades ago. This is the new protocol for transferring values in a most democratic and transparent way...amongst users across the globe without government bureaucratic & often expensive, selective, unfair and undemocratic systems.
The questions I want to ask us today are:

  1. Do you have a wallet address?

  2. Do you use the internet in anyway?

  3. Do u know that the Blockchain will disrupt the following industries within the next few years:

a. The Banking and Payment industry

b. Cyber security

c. Supply Chain Management

d. Forecasting

e. Insurance

f. Transportation

g. Networking

h. Cloud storage

i. Charity

j. Voting

k. The Government

l. Healthcare

m. Public benefits

n. Energy management

o. Online music and videos.

p. Fiat money (Govt. Pepper money eg. NGN, USD, EUR, GBP, JPY, CAD, CHF...)

etc.

Does any of the above lists in one way or the other affects you as an individual or group? If yes! You need to embrace Blockchain technology and its own money called Crypto currencies or digital money today! Fiat money(Govt paper money) , gold, silver plastics, etc are all taking the back seat for the king of currencies!

Recap: Blockchain is a distributed ledger technology that underlies cryptic currencies (money created out of cryptography) like Bitcoin, Bitconnect,Etherium, Zcash, Etherium classic , Monero...etc.

Blockchain provides a way of recording data that is safe, transparent, auditable and resistance to outages.

It is a technology that holds a lot of promises to the future as it has already started disrupting a lot of industries today.

Therefore don't let it put u out of business like what email did to postal services, digital camera did to analog photo films, colour TVs did to Black and white...etc.

You really need to get on board before this train leaves your stations

Join the financial revolution today... !