CRYPTOCURRENCY AND BLOCKCHAIN
𝗖𝗥𝗬𝗣𝗧𝗢𝗖𝗨𝗥𝗥𝗘𝗡𝗖𝗬 AND BLOCKCHAIN
A brief explanation of crypto and tokens used to pay for money in blockchain.
In Blockchain, what is used to conduct any financial transaction is Cryptocurrency because Crypto in the world of Blockchain also exists, in Blockchain, all crypto you know is built.
As he said, we have different types of stock markets in different parts of the world, and in any market where money is paid to make purchases, even Naira, Dollar, Ponds, etc., So too in the world of Blockchain, Blockchain is the market in the world, and crypto is the currency used to make transactions and we have many coins (coins & tokens) such as bitcoin, etherium, Tron, ada, BGB as if he said we have different types of money.
- BITCOIN AND ETH
BITCOIN is the first currency ever created and is also the foundation of the blockchain, it is the father of all cryptos that exist today in the Blockchain world. All others follow Bitcoin and that is why they are called "Alt" coins. Bitcoin works on the "PoW" system that I explained in my previous post on blockchain.
Etherium is also one of the most popular in the world, look at the benefits it brings to those who benefit from it.
The Bitcoin Blockchain was built only for payments, and the Ethereum Blockchain, after being able to pay with it, can also be used to build applications "Dapps" to conduct transactions and trade.
In Crypto, we have two types of money, which include 𝗨𝗧𝗜𝗟𝗜𝗧𝗬 𝗗𝗔 𝗦𝗘𝗖𝗨𝗥𝗜𝗧𝗬 𝗧𝗢𝗞𝗘𝗡
- Utility Tokens: This is a currency that gives its users a special access to the blockchain. Utility Tokens are more popular because they are not subject to taxes and there is no law. The price of utility tokens depends on what is called demand and supply, that is, the quantity and scarcity of something. And anyone can create or own their own utility tokens
- Cryptocurrency: This is also a form of crypto currency that is paid to own or earn interest on assets that are owned or purchased. These are the currencies that are subject to Sharia law and require payment of taxes, which is why Utility Tokens are widely used. However, security tokens, also known as security tokens, are more secure and protected.
We also have what is called "Tokenisation" which is simply the conversion or conversion of an asset into money which allows the owner to own this asset, invest in or sell this asset easily. For example, if I turn the land I own into a token, anyone who owns the token that I have placed on this land, it is like buying or owning a piece of my land.
Issuing a new Crypto on Blockchain [ 𝗜𝗖𝗢 & 𝗦𝗧𝗢 ]
ICO: Most of the time, any Crypto that will be created is released through the initial coin offering "ICO" system which you can take and invest in the asset since it is first released for a small amount of money. This can lead to a lot of trouble.
STO: This system is also more secure because here the law works that protects the assets that a person owns. For example, it is also like the share capital that banks and companies use.
Finally, we have 𝗡𝗙𝗧 which is 𝗡𝗼𝗻 𝗙𝘂𝗻𝗴𝗶𝗯𝗹𝗲 𝗧𝗼𝗸𝗲𝗻 (I don't know how to translate it into Hausa 😂) Ammar, the process is almost the same as Tokenisation that I explained above. With NFT you can own almost anything you want, from photos, videos, etc.
This NFT has made many people really money, including many in Nigeria, you see someone draw a picture or take a picture with a camera or phone and sell it for millions of dollars.
The truth is that the study of Crypto is very extensive and wide, and money is made with it, many in blockchain and some in Cryptocurrency and to this day there is progress in the field.

𝗖𝗥𝗬𝗣𝗧𝗢𝗖𝗨𝗥𝗥𝗘𝗡𝗖𝗬 𝗔 𝗨𝗡𝗜𝗬𝗔𝗥 𝗟𝗢𝗖𝗞𝗖𝗛𝗔𝗜𝗡
A brief explanation of crypto and tokens used to pay for money in blockchain.
In Blockchain, what is used to conduct any financial transaction is Cryptocurrency because Crypto in the world of Blockchain also exists, in Blockchain, all crypto you know is built.
As he said, we have different types of stock markets in different parts of the world, and in any market where money is paid to make purchases, even Naira, Dollar, Ponds, etc., So too in the world of Blockchain, Blockchain is the market in the world, and crypto is the currency used to make transactions and we have many coins (coins & tokens) such as bitcoin, etherium, Tron, ada, BGB as if he said we have different types of money.
- BITCOIN AND ETH
BITCOIN is the first currency ever created and is also the foundation of the blockchain, it is the father of all cryptos that exist today in the Blockchain world. All others follow Bitcoin and that is why they are called "Alt" coins. Bitcoin works on the "PoW" system that I explained in my previous post on blockchain.
Etherium is also one of the most popular in the world, look at the benefits it brings to those who benefit from it.
The Bitcoin Blockchain was built only for payments, and the Ethereum Blockchain, after being able to pay with it, can also be used to build applications "Dapps" to conduct transactions and trade.
In Crypto, we have two types of money, which include 𝗨𝗧𝗜𝗟𝗜𝗧𝗬 𝗗𝗔 𝗦𝗘𝗖𝗨𝗥𝗜𝗧𝗬 𝗧𝗢𝗞𝗘𝗡
- Utility Tokens: This is a currency that gives its users a special access to the blockchain. Utility Tokens are more popular because they are not subject to taxes and there is no law. The price of utility tokens depends on what is called demand and supply, that is, the quantity and scarcity of something. And anyone can create or own their own utility tokens
- Cryptocurrency: This is also a form of crypto currency that is paid to own or earn interest on assets that are owned or purchased. These are the currencies that are subject to Sharia law and require payment of taxes, which is why Utility Tokens are widely used. However, security tokens, also known as security tokens, are more secure and protected.
We also have what is called "Tokenisation" which is simply the conversion or conversion of an asset into money which allows the owner to own this asset, invest in or sell this asset easily. For example, if I turn the land I own into a token, anyone who owns the token that I have placed on this land, it is like buying or owning a piece of my land.
Issuing a new Crypto on Blockchain [ 𝗜𝗖𝗢 & 𝗦𝗧𝗢 ]
ICO: Most of the time, any Crypto that will be created is released through the initial coin offering "ICO" system which you can take and invest in the asset since it is first released for a small amount of money. This can lead to a lot of trouble.
STO: This system is also more secure because here the law works that protects the assets that a person owns. For example, it is also like the share capital that banks and companies use.
Finally, we have 𝗡𝗙𝗧 which is 𝗡𝗼𝗻 𝗙𝘂𝗻𝗴𝗶𝗯𝗹𝗲 𝗧𝗼𝗸𝗲𝗻 (I don't know how to translate it into Hausa 😂) Ammar, the process is almost the same as Tokenisation that I explained above. With NFT you can own almost anything you want, from photos, videos, etc.
This NFT has made many people really money, including many in Nigeria, you see someone draw a picture or take a picture with a camera or phone and sell it for millions of dollars.
The truth is that the study of Crypto is very extensive and wide, and money is made with it, many in blockchain and some in Cryptocurrency and to this day there is progress in the field.
CRYPTOCURRENCY AND BLOCKCHAIN
𝗖𝗥𝗬𝗣𝗧𝗢𝗖𝗨𝗥𝗥𝗘𝗡𝗖𝗬 𝗔ND B𝗟𝗢𝗖𝗞𝗖𝗛𝗔𝗜𝗡
A brief explanation of crypto and tokens used to pay for money in blockchain.
In Blockchain, what is used to conduct any financial transaction is Cryptocurrency because Crypto in the world of Blockchain also exists, in Blockchain, all crypto you know is built.
As he said, we have different types of stock markets in different parts of the world, and in any market where money is paid to make purchases, even Naira, Dollar, Ponds, etc., So too in the world of Blockchain, Blockchain is the market in the world, and crypto is the currency used to make transactions and we have many coins (coins & tokens) such as bitcoin, etherium, Tron, ada, BGB as if he said we have different types of money.
- BITCOIN AND ETH
BITCOIN is the first currency ever created and is also the foundation of the blockchain, it is the father of all cryptos that exist today in the Blockchain world. All others follow Bitcoin and that is why they are called "Alt" coins. Bitcoin works on the "PoW" system that I explained in my previous post on blockchain.
Etherium is also one of the most popular in the world, look at the benefits it brings to those who benefit from it.
The Bitcoin Blockchain was built only for payments, and the Ethereum Blockchain, after being able to pay with it, can also be used to build applications "Dapps" to conduct transactions and trade.
In Crypto, we have two types of money, which include 𝗨𝗧𝗜𝗟𝗜𝗧𝗬 𝗗𝗔 𝗦𝗘𝗖𝗨𝗥𝗜𝗧𝗬 𝗧𝗢𝗞𝗘𝗡
- Utility Tokens: This is a currency that gives its users a special access to the blockchain. Utility Tokens are more popular because they are not subject to taxes and there is no law. The price of utility tokens depends on what is called demand and supply, that is, the quantity and scarcity of something. And anyone can create or own their own utility tokens
- Cryptocurrency: This is also a form of crypto currency that is paid to own or earn interest on assets that are owned or purchased. These are the currencies that are subject to Sharia law and require payment of taxes, which is why Utility Tokens are widely used. However, security tokens, also known as security tokens, are more secure and protected.
We also have what is called "Tokenisation" which is simply the conversion or conversion of an asset into money which allows the owner to own this asset, invest in or sell this asset easily. For example, if I turn the land I own into a token, anyone who owns the token that I have placed on this land, it is like buying or owning a piece of my land.
Issuing a new Crypto on Blockchain [ 𝗜𝗖𝗢 & 𝗦𝗧𝗢 ]
ICO: Most of the time, any Crypto that will be created is released through the initial coin offering "ICO" system which you can take and invest in the asset since it is first released for a small amount of money. This can lead to a lot of trouble.
STO: This system is also more secure because here the law works that protects the assets that a person owns. For example, it is also like the share capital that banks and companies use.
Finally, we have 𝗡𝗙𝗧 which is 𝗡𝗼𝗻 𝗙𝘂𝗻𝗴𝗶𝗯𝗹𝗲 𝗧𝗼𝗸𝗲𝗻 (I don't know how to translate it into Hausa 😂) Ammar, the process is almost the same as Tokenisation that I explained above. With NFT you can own almost anything you want, from photos, videos, etc.
This NFT has made many people really money, including many in Nigeria, you see someone draw a picture or take a picture with a camera or phone and sell it for millions of dollars.
The truth is that the study of Crypto is very extensive and wide, and money is made with it, many in blockchain and some in Cryptocurrency and to this day there is progress in the field