A Knowledge Sharing Session at
Presenter: Chimezie Chuta, Lead Dev Blockchain Nigeria User Group
A Distributed Digital Record of Transactions, Secure, Immutable, Append-only, Decentralized, Time-stamped, Hashed and Transparent.
WHAT'S A HASH FUNCTION?
In the abstract, a hash function is a mathematical process that takes input data of any size, performs an operation on it, and returns output data of a fixed size.
An Address, A Public Key, A Private Key (a hash of the address data.)
It represents that I own an underlying tradable asset.
NOTE: A Token is a Smart Contract!
A token can act as a store of value.
A token can be bought, sold, or traded for profit
Tokenizing assets that are either very illiquid, like real estate, or that can be difficult to physically exchange, like gold, is an interesting concept for investors.
Very expensive assets such as Airplanes, Land or even Intellectual property can be tokenized and sold in fractions.
A trustless Peer-to-Peer "Cash System" to prevent double spend!
Satoshi in Bitcoin, set the rules for "miners".
They need to invest some work (Processing Power) of their computers to qualify for this task.
They have to find a "hash" – a product of a cryptographic function – that connects the new block with its predecessor.
As an incentive, the "Miner" has the right to add a so-called "coinbase transaction" that gives him a specific number of Bitcoins.
This is the only way to create valid Bitcoins or valid Crypto Using the PoW System.
A "coinbase transaction" is the first transaction in a block.
Total Crypto Market Capitalization $147.96b
Total Bitcoin Market Capitalization: $73.21b
Altcoins Market Capitalization: $74.75b
Bitcoin Dom Index: 49.5%
Total Exchange Vol. (24 Hours): $2619.83m
Total Exchange Vol. Bitcoin: $1172.59m
Total Exchange Vol. Altcoins: $1447.24m
Bitcoin Dom Index: 44.8%
BTC Price: $4403.70
Average Fee: $2.11
Last Block: 0:06 (4.55% full)
As of today 10-06-2017
|#||Name||Market Cap||Price||24hour VWAP||Available Supply||24 Hour Volume||%24hr|
Bitcoin Cash BCH
An ICO is an event in which a new cryptocurrency project sells part of its cryptocurrency tokens to early adopters and enthusiasts in exchange for money today.
ICOs have been compared to Initial Public Offerings (IPOs) of corporations. There are some notable similarities – both of them are used to sell a stake and raise money, and both have investors who see the potential and risk their capital in order to make a potential profit.
New crowdsales of crypto assets have pulled in more than $1 billion this year.
1. FILECOIN -$257 million
2. TEZOS -$232.319 million
3. EOS (STAGE 1) -$185 million
4. BANCOR - $153 million
5. STATUS -$90 million
6. TENX -$64 million
7. MOBILEGO - $53.069 million
8. SONM - $42 million
9. AETERNITY - $36.96 million
10. MONETHA -$36.6 million
Investing in Cryptos with a future
Buy and Hold Tokens/ Cryptos
Invest in Bockchain Start ups
Speculate in profitable ICOs
Get My Book!
Coordinator: Blockchain Nigeria User Group
Founder: StartUPBits.fund | Ayori.io | fragcom.com