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May 3, 2022
THREAD:
1.- 👇¿What is blockchain? This is essential to understand crypto and the basis of this technology
(Picture related to blockchain)
2.- Blockchain⚙️➿, Its the technology that allows information to be protected and shared between “blocks” in an encrypted, secure, transparent, indelible manner and without the need of a third party or intermediaries.
That’s why, it is DECENTRALIZED.🏴
3.-In this blockchain, there are users or "validators" who are the ones who verify the transactions.✅
4.- Imagine that these “blocks” are linked by “chains” and each “block” contains a “code”; each "block" with the "code" is inside another "block" and so on.
These "codes" are called Hash and they communicate with each other and with the network.
PICTURE OF THE BLOCKS)
5.- The potential uses of the blockchain are:
* Transfer Value (like the #bitcoin blockchain)💲
* Smart contracts (such as the Ethereum blockchain) 💠
6.- Intellectual Property (such as certificates of authenticity of NFTs) 🖼🏠
Protection of unalterable information such as medication data or the votes of a government election. ♾🗳
7.-
… and much more to develop. Blockchain technology comes to revolutionize everything!
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May 10, 2022
1.-Here we explain everything about #bitcoin👇
2.- ¿What is #Bitcoin?💲
Is the first cryptocurrency to hit the market, created by the alias Satoshi Nakamoto.👤
It is a digital and decentralized currency that allows transactions to be carried out without the need for an intermediary.
Bitcoin (with B) is the blockchain and bitcoin (with b) it's the cryptocurrency. It’s important for you to know the difference 🚨
3.- 👤Satoshi Nakamoto is an alias, no one really knows who is responsible behind the creation of this new technology.
Many theories indicate that it is not a person, but a group of people.👤👤👤👤
4.- #bitcoin offers great advantages compared to traditional financial assets such as:
💲🗺 International Currency:As a digital an international currency, it is not necessary to change the currency before making an operation.
5.- Another advantage of #bitcoin:
🔒Security: Bitcoin works on a technology called blockchain, which, through complex encryption systems, verifies each of the transactions, making it virtually impossible to falsify.
6.- ♾ Decentralization: Bitcoin has no owner, nor is there a company behind which to be accountable. Decentralization empowers citizens and removes blind faith in banking institutions. 🕊
7.- 🗺🏃♂️Agility: The Bitcoin network allows you to send and receive Bitcoin from anywhere to anywhere in a matter of minutes regardless of the amount.
8.- 🔎Transparency: All transactions on the Bitcoin network are public and visible in real time.
🤫Privacy: Although the transactions are public, it only shows the wallet address but not who the address belongs to, giving users privacy.
9.-🙌🏼Limited Issuance: Only 21 million Bitcoins exist, more will never be made, making Bitcoin a deflationary asset.
¿Want to learn more?📚
Go and subscribe to our newsletter https://banklessdao.substack.com/
Follows us in our Instagram @bankless_DAO and Tik Tok @TheBanklessDAO