Blockchain and Cryptocurrencies

I find that because of the financial incentive that Bitcoin offers miners/people and since money is obviously very important to a lot of people, they tend to forget that Blockchain is only one of many DLTs, the real technology that enables BTC, (the cryptocurrency application) and not the applications that are being built on top of DLTs such as cryptocurrency. Money makes people focus on BTC and yet somewhat overlook the endless possibilities of the underlying technology itself. Much like with the early days of the internet, people focused on the first applications such as “Email” because it was replacing fax (some people may be like, “what’s a fax?”) Yes, the bandwidth had to eventually increase with more adoption to move modems (some people be like, “what’s a modem?”) out the way for broadband which then made other applications utilising audio and video possible on the internet, such as YouTube, Napster, and the now famous social media platforms possible because real innovators focused on the possibilities of the underlying technology not just the popular application of the time.

It has been a bit over a year since my first foray into blockchain and cryptocurrency understanding. I have reviewed several projects and looked at multiple coins. The nature and complexity of these projects has fostered my focus on continuing in Moralis Academy and developing with the Moralis SDK. Here are a several projects that have my interest and serve as bookends to my blockchain and cryptocurrency understanding. On the one side are projects such as those from Algorand and Internet Computer. These projects, and more like them, have long-lived technologies that will be impactful for many in manners not necessarily related to cryptocurrency. Look at where the Algorand blockchain is in current use and look at the focus of the founding team. Same with the Internet Computer, the vision was in place above and beyond just a token. The other bookend would be a cryptocurrency such as SHIBA which on its page notes it is a MEME token and the environment is developing from there.

If it is fast $$$$ that are of interest then trading may be the manner in which cryptocurrency is approached with the MEME coins where the power of "Infuencers" may offer relatively speaking short lived, days, moths, maybe years, opportunities. If is is stable $$$$ growth over a prolonged period, potentially decades, then buying and HODLing from projects with a true chance of disruptive change is a best bet.

But we know, everyone is in this space for the technology!

Blockchain can’t save all yogurt problems… no matter that it is better to just not eat diary products :smiley:

…do we?
seems to me there is staggering plethora of reasons people are here… $$$, tech, change, the “new thing”, etc etc etc…

i’ve been wondering about this too.
did you find any enlightening answers/info?
gotta be a good part of the puzzle to understand

me too!
any luck so far??

Not yet :slight_smile:

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Enjoying these lectures very much. I am impressed with how Ivan makes the material so easy to under stand. Thank you Ivan!!! You rock!!!

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I fully agree :slight_smile:

Thank you very much for your lectures. Your lessons helped me understand the crypto trading market mechanisms and made my life better. After the beginning of the pandemic, I decided to try myself at online trading. I was learning at different sources like online schools; these trade schools are reputable but didn’t provide such good and short information about cryptocurrency market trading, like you. I hope you will continue your work and will teach more people, have a great day!

Thank you for the opportunity to learn so much about blockchain. I am glad to be back after taking a break. It has been a really tough year for me looking at my stepmom fighting a deadly disease. She recently lost her battle, but I am still here. I will continue to learn and pay the tribute to her life. Hopefully, this education will be a good start to help others, so they can win their battles.
Good luck to everyone; whatever the reasons are that you guys are here!

When you said vitalik meets with bitcoin developers to request them to add smart contract capability and they declined before he now creates his own coin ETH, now my question is who are the Bitcoin developers, I thought nobody runs or control bitcoin, does it mean Satoshi Nakomoto is not the only person behind bitcoin I mean can you shade more light.

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Thank you for your lectures, I know this will be a life changing opportunity to a career change.

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Question. Where does the data on blockchain exist? Is it shared to miners’ computers?
I’ve learn so far that the data on blockchain saved to multiple computers to prevent modifications from hackers. But who’s computers having the data???

You can run a node on your own computer if you want

Does anyone review post for the homework? Like if I answer something wrong is there someone that will let me know?

Yes, we check all your answers. It is good to put some effort on your answers😁.

This course is really great and Ivan brings it especially in a very clear way!
I have started my crypto journey in 2017 (once I had 2 BTC speculating…I still regret that I had to sell them BUT now I hope to discover more the fundamentals of some projects and have a better understanding why some projects would last and why others might fail.
For I am here for two reasons: get a better understanding of the fundamentals to detect if it is really a good project.
Secondly I might enter the blockchain world by provinding help to defend our freedom and independance of the crooks that are trying to ruin this wonderful, new transparent technology for their own favor but they won’t succeed!! :slight_smile:

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Do you use crypto wallets? If yes, then I can recommend vexel crypto wallet, one of the best options in the market. It’s completely reliable and offers a wide choice of services.

i don’t know if there is some kind of barriers for bitcoin adoption; but most certainly the wallet; key phrases and self-management is a big barrier of entry!?
folks lost their keys or seed-phrases; etc and lost lot of value.
what is there out cooking to reduce this difficulty for better adoption?; still the wallet management has the human-error factor to lose assets and entry into this decentralize method of exchange system