Summary of today Financial Cryptocurrency Summit

Trust me, Today was one of those financial summit you would not want to miss as the discussion was based on cryptocurrency.
we had our first speaker, funke ajayi she spoke on cryptocurrency in general titled cryptocurrency 101.


Cryptocurrency (in simple terms)
*Online version of money
*Digital Asset
*Decentralized
*Not controlled by any state, bank or financial institution
*Can be used equally around the world in any country
*No intermedaries
BLOCKCHAIN TECHNOLOGY
A public ledger which is fixing, copying and recording each transaction of cryptocurrency in a linear pattern..

BITCOIN
*World's first cryptocurrency
*Created in 2009
*Anonymous
*Open, secure
*Bypass traditional structures
She also emphasize on the differences between BITCOIN and US DOLLARS or any other flat currency.
FIRST BITCOIN PURCHASE
Early bitcoin enthusiast and programmer laszio hanyecz offered 10,000bitcoins about $25 at that time for 2pizzas.
WHY IS BITCOIN SO SPECIAL?
*Type of cryptocurrency used worldwide
*Can be bought, sold, exchanged for any other currency.
*Can be used to pay or purchase goods an services
*Can be exchanged for ANYTHING you want (i.e vacations, furniture, car etc)
*it is an ASSET that APPRECIATED in value with time.
The next speaker in the person of silas olatayo spoke on CRYPTOCURRENCY TRADING AND MINING.

Details of what he discussed in the summit...
*what is BITCOIN MINNING?
*Rule of cryptocurrency trading
*What affect the price of a cryptocurrency
The last speaker Chris Ani spoke on RISK MANAGEMENT STRATEGIES AND THE FUTURE OF CRYPTOCURRENCY.

THE BLOCKCHAIN AND SECURITY
*The bitcoin open blockchain is the most robust and secured blockchain on earth.
HARDWARE WALLET
*Use a ledger nano, trezor, keep-key etc.
*Dont buy a hardware wallet from someone who have used it before..
GOOGLE AUTHENTICATOR 2FA
*Use 2fa for security check
*Avoid sms authenticator, you can easily be hacked through your network service provider.
INTERNET USUAGE
*Avoid public wifi
*Avoid malicious website
*Avoid emails asking you for your password and private keys
*Always cross-check the name of the website for your exchange and wallet to avoid a phishing website.
THE FUTURE OF BITCOIN AND CRYPTOCURRENCY
Bitcoin-lightning network, more privacy continuous development and security updates.
Bitcoin is to crypto what the tcip is to internet.
There will be 100's of thousands of altcoins and cryptocurrencies.
Every sector of the economy will be tokenized.
There will be so many thriving centralized projects that will for sure pave way for the decentralized future.
This was all that was discussed in summary at the summit, after the event we exchanged pleasantry and get to network with each other.


At my left is the CEO @crypstone, COO @cryptonafrica, CEO @cryptohub and also a colleague from cryptohub, Trust me, @cryptonafrica was not left out always representing the brand.

    FOLLOW ME; @moziano  as i will be dropping topics related to blockchain and cryptocurrency, get ready to broaden your knowledge.