@terminallyill presents.........
LUCKY'S CRYPTO GUIDE FOR BEGINNERS
PART TWO
Lucky here with Part Two to my fully comprehensive crypto guide that is breaking down cryptocurrency for the absolute beginner. This article is based on one of the key terms that define the blockchain and cryptocurrency, DECENTRALIZED. This word itself, is what makes crypto what it is today and is what made the blockchain tremendously successful, so understanding what it means, is very important to anyone aiming to tap into the crypto world. This is a brief breakdown for the beginner, providing basic insight into this key term. Be advised, this subject gets significantly more in depth and I will touch base on some of the different forms of decentralization in a later article to my series. For now, let's start at the bottom and work our way up.
WHAT DOES DECENTRALIZED MEAN?
For starts, "decentralized" means that it is not controlled by any one person or organization, more specifically a government. For example, the US government controls the US Dollar, making USD a centralized currency. Bitcoin, is a anonymous and uncontrolled digital currency, regulated and internally controlled by nothing except the value the market drives it to. No world government can regulate or control the value and use of the blockchain, ultimately meaning the currencies created from blockchain technology, cannot be manipulated by world government. This exact lack of control has spiked fear among countries such as China and the good ole US of A, who famously control just about every aspect of a citizen's life, whether they realize it or not. The funny thing is that these countries are trying to centralize (or control) a decentralized (uncontrolled) currency. I will save that for another article in the future though.
A DEEPER LOOK INTO DECENTRALIZATION
To dig even deeper, a blockchain is politically decentralized (unable to be controlled by anyone such as government or groups), architecturally decentralized ( no one server or system controls the blockchain meaning no chance of system shutdown from a main server failure) and a blockchain is logically centralized (meaning there is one common goal which the entire network works endlessly to achieve). These are all tremendous benefits to the potential future of economics, business, technology and the crypto currencies themselves.
WHAT DOES DECENTRALIZATION DO FOR YOU?
To throw it out there, basically, decentralization has made it so your hard earned money, stays YOUR hard earned money, avoiding manipulation and theft from the powers that govern our world. With the privacy and anonymity the blockchain provides, partnered with full decentralization, you can make investments and "nest eggs" that if done right, will not simply vanish like a fart in the wind at some later date due to a country going to war, or anything really. You can protect your assets, hide your assets and more importantly, sleep better at night, thanks to blockchain technology and everything built upon it. Decentralization has also inadvertently given us, the people, the ability to redistribute wealth in this world, making something from nothing and offering hope to those who are in desperation. In all reality, it is your job to ask yourself, what has it done for me? For starts, it created this platform that we all love so dearly!
This wraps up Part Two of my beginners guide, designed to take the average person and turn them into a market specialist, if they utilize my teachings and tutorial series to the T. This portion covered one of the most important terms in the crypto world, if not the most important term. Understanding these key terms, is the key to understanding everything going on around you. I assure you if you stick with this series, you WILL learn something new, even if you are a veteran trader or specialist! The next portion will be anticipated to release tomorrow, however, if I have an opportunity you can rest assured that I will release it tonight. I want to thank you all for your support and for taking the time to read this. A big shout out to my friends over at the Steem Creators Conference over in Vegas, who are up to bat for our groups futures and prosperity. I wish I could have made it, but life demanded me in other places. Thank you guys @dynamicgreentk, @dynamiccrypto and @thundercurator. Wishing you the best of luck this weekend, especially tomorrow at the Pitch Party!
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