FACTS WITH PENDUSKY ( THE CRYPTOCURRENCY EDITION)

        I.            A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a digital ledger or computerized database using strong cryptography to secure transaction record entries, to control the creation of additional digital coin records.

     II.            Cryptocurrencies let you buy goods and services, or trade them for profit. Like any currency, cryptocurrencies can be used to buy goods and services. But unlike other currencies, cryptocurrencies are digital and use cryptography to provide secure online transactions.

  III.            The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference.

  IV.            Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed - A Peer-to-Peer Electronic Cash System.

    V.            Cryptocurrency was launched in 2009 by someone (or a group of people) that goes by the pseudonym Satoshi Nakamoto. It was created in the wake of the 2008 global financial crisis as a way for people to control their money themselves, without having to rely on companies, banks, or governments and their fees and controls.

  VI.            The top 5 cryptocurrencies are the biggest and most significant cryptocurrencies and constitute the top half of The Top 10 Cryptocurrencies by market capitalization. Bitcoin, XRP, Ethereum, Bitcoin Cash, Bitcoin SV.

VII.            No 1 Cryptocurrency is Bitcoin. Bitcoin is the original cryptocurrency and it remains the go-to leader of the space. As of this writing, the market capitalization of the world's top digital currency.

VIII.            You can invest in cryptocurrency in naira, using the app below. Click the link to register. And chat me up to invest as low as you want.

  IX.            1 Etherum equals NGN80,544.53 today and it's predicted to cost about NGN500,000 before December 2020. You can invest in Etherum today with just NGN4,000 only.  

    X.            According to this model that predicts bitcoin price with 95% accuracy, it indicates that bitcoin price will reach USD100,000 sometime after 2021 and USD1,000,000 after 2025. It's never too late to invest in Bitcoin.  

Which is the weirdest fact? Please use the comments box. #FactsWithPendusky

 

  

Ubong Effiong also known as Pendusky is a Customer Experience Management Personnel with Sterling Bank Plc.