Kaya 👽🎩☘️🎲🇺🇦
@ron4yk
📚 Day 1: What Is Cryptocurrency? (simple explanation) 1. The Main Idea: Cryptocurrency is digital money that exists only online. It works without banks or governments. You control your money yourself. Key features: 🔗 Decentralization — no central authority or control. 🔒 Security — data is encrypted and protected. 🌍 Global use — you can send money anywhere in the world. 🕓 Speed — transfers happen within minutes or even seconds. 📉📈 Volatility — the price of cryptocurrencies can change a lot every day. 2. How It Works: Imagine a giant notebook (this is called blockchain) where all transactions are recorded — who sent money to whom and how much. This notebook: is visible to everyone in the network, is almost impossible to fake, is constantly updated automatically. 3. Example: You have 1 Bitcoin. You send it to me. This transaction is recorded in the blockchain. Everyone can see: you sent it, I received it. No banks, no middlemen, no paperwork! 4. Why Is It Cool? ⬇️
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Kaya 👽🎩☘️🎲🇺🇦
@ron4yk
4. Why Is It Cool? No one can block your wallet without your permission. No borders: you can send money to a friend in the USA or Japan instantly. Limited supply: for example, there will only ever be 21 million Bitcoins — they cannot be "printed" like dollars or euros. 🧠 Mini-test (Day 1) Choose the correct answers: What is cryptocurrency? a) Physical coins b) Digital money c) Online money without banks Who controls cryptocurrency? a) Banks b) Governments c) No one, it’s decentralized Can blockchain data be easily faked? a) Yes, easily b) No, it’s almost impossible 📊 Visual Diagram: Here’s a simple flowchart for how crypto works: [You] → send crypto → [Blockchain records the transfer] → [Receiver gets the crypto] 🔗 All this happens without banks, automatically and securely. ❓ Reflection Questions: Do you like the idea of managing your money without banks? Why do you think people might be afraid to use cryptocurrency?
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