Secret $20 bitcoin blueprint pdf8/28/2023 ![]() ![]() If a miner’s computer program validates the transaction first, he or she is rewarded in Bitcoin.Īt that point, the verified transactions are added to the blockchain database. They’re not doing this for free, mind you. These “miners” are people with super-powerful computers - each competing to confirm and authenticate each transaction in the network. Within the blockchain, transaction records and payment details are spread across a massive public database open to all bitcoin “miners” in the network. And the new system is regulated by “blockchain” - a decentralized database that records each transaction.īlockchain is essentially the trusted backbone of all cryptocurrency transactions. Instead, digital transactions are made peer to peer, without the middleman. The bank would verify the transaction, adding a certain level of trust.īut cryptocurrencies are completely revolutionizing the old system - cutting out the middleman entirely. In the past, all transactions took place with an intermediary - like a bank - overseeing the process. But their potential impact goes beyond even that… So in a sense today’s cryptocurrencies are probably the last “pure” currencies on earth. In many ways they’re the modern equivalents of gold and silver, which were pure forms of money before governments and bankers got around to manipulating them for their own benefit. That means these currencies cannot be manipulated by central banks like our own Federal Reserve, or other central banks around the world. Here are the basics…Įssentially, a cryptocurrency is a digital currency that operates outside of any government control. OK, so maybe you’re wondering right now just what is a cryptocurrency exactly. In fact, what I call “penny” cryptocurrencies are one of the last legal ways for small investors to grow rich, starting with just a few dollars in your pocket. And you can get started with as little as $20. Just think of how even a small investment in some of these cryptocurrencies could do for you.Īnd the good news is that you don’t need to know anything about Bitcoin or any other cryptocurrencies to take part in the bonanza. Hopefully I can clear up some of that mystery today, because this is a market in which you can potentially amass a quick fortune.įor example, some lesser-known cryptocurrencies have skyrocketed between 12,000% and 56,000% over the past few weeks. Perhaps you’ve heard of Bitcoin or some other cryptocurrencies, but maybe they seem too mysterious or shadowy for your tastes, not something you’d like to invest in. Today, I’m going to introduce you to the red-hot cryptocurrency market. ![]()
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