Crypto 2023 🔥 What Crypto you should hold in 2023?
Crypto 2023 | Crypto Investment | Best Crypto Investments
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Welcome to our Crypto 2023 Video!
Bitcoin is a digital currency that operates on a decentralized network, which means it is not controlled by a central authority such as a government or a financial institution. It was created in 2009 by an unknown individual or group using the pseudonym Satoshi Nakamoto.
At its core, Bitcoin is a decentralized ledger, called the blockchain, which keeps track of all transactions that take place on the network. Each transaction is verified by a network of users, called nodes, using complex algorithms and cryptography to ensure that it is valid and cannot be tampered with.
One of the key features of Bitcoin is that it has a limited supply. There will only ever be 21 million bitcoins in circulation, and this limit is hard-coded into the network's software. The process of creating new bitcoins, known as mining, involves using powerful computers to solve complex mathematical equations and verify transactions on the network. As more bitcoins are mined, the process becomes increasingly difficult, which helps to ensure a steady, predictable rate of new coin creation.
Ethereum is a decentralized platform that allows developers to create and execute smart contracts, as well as build decentralized applications (DApps) using blockchain technology. It was created in 2015 by Vitalik Buterin, a Canadian-Russian programmer, and has quickly become one of the most popular blockchain platforms in the world.
At its core, Ethereum is similar to Bitcoin in that it uses a decentralized ledger, called the blockchain, to record and verify transactions. However, it differs from Bitcoin in several important ways. Firstly, Ethereum has a more flexible scripting language, which allows developers to create smart contracts, or self-executing contracts that automatically enforce the terms of an agreement. Smart contracts can be used for a wide range of applications, from simple tasks like automatically executing a payment when a product is delivered, to more complex tasks like managing decentralized autonomous organizations (DAOs).
Secondly, Ethereum has its own native cryptocurrency called Ether (ETH), which is used to pay for transactions on the network and as a store of value. However, unlike Bitcoin, which has a hard-coded limit of 21 million coins, there is no limit to the number of Ether that can be created. Instead, Ether is issued as a reward to miners who help to validate transactions on the network.
Another key feature of Ethereum is its focus on decentralized applications (DApps). These are applications that run on the Ethereum network and are not controlled by any single entity. They can be used for a wide range of purposes, from decentralized social networks to online marketplaces, and they are often seen as a way to bring greater transparency and accountability to various industries.
Finally, Ethereum has a vibrant community of developers, who are constantly working to improve and expand the platform.
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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.
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⏰Timestamps⏰
00:00 What Cryptos To Own In 2023 Project introduction
00:12 What Cryptos To Own In 2023 Project
00:16 Bitcoin Project
01:31 Ethereum Project
02:12 Polygon Project
02:50 Tether Project
03:27 What Cryptos To Own In 2023 Project Summary
03:35 What Cryptos To Own In 2023 Project Outro