Everything You Need To Know About Blockchain And Cryptocurrency!

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United States Gamefi Army
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Published on ● Video Link: https://www.youtube.com/watch?v=veDdQs179Rw


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In order for players to deep dive into the Play to Earn industry, we first need to understand the concept of Blockchain and Cryptocurrency

Some useful concepts to Learn more about Blockchain and Cryptocurrency effectively in this video:

1. KYC (Know your customer): a procedure required to verify the identity, suitability, and risks involved of a customers in order to maintain business relationship

2. Crypto Exchanges: a business that allows customers to trade cryptocurrencies or digital currencies for other assets, such as conventional fiat money or other digital currencies

3. Centralization: refers to the process in which activities involving planning and decision-making within an organization are concentrated to a specific leader or location.

4. Decentralization: is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed to a group of people.

5. Gas fee: is the fee paid to miners for validating a transaction on the blockchain network.
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-TIMESTAMPS-

00:00 Intro
01:05 What is Blockchain?
01:34 1st Feature
02:17 2nd Feature
05:24 What is Cryptocurrency?
06:02 Benefits
07:00 History
07:53 Crypto Market in General
08:53 Blockchain and Crypto's Potential
10:00 Wrap up: Pros & Cons
11:06 Final thoughts

📜 Disclaimer

This video is for informational purposes only and include the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.



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