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💲 OPEN A CRYPTO.COM ACCOUNT 💲 Use my referral link https://platinum.crypto.com/r/cryptodad to sign up for Crypto.com and we both get $25 USD :) Or use the code: cryptodad when registering. Thanks! 🔐 LEDGER NANO X 🔐 Order Here: https://www.ledger.com/?r=6057 🔐 You can also purchase Ledger Nano X on Amazon.com 🔐 https://amzn.to/2NNsIEG 👨‍💻 SET UP A BINANCE ACCOUNT 👩‍💻 https://www.binance.com/?ref=11783993 Want to upgrade your skill set and support the CryptoDad? Check out my Patreon Page: https://www.patreon.com/TheCryptoDad Be sure and join the CryptoDad for his “Live Q & A from LA” every Friday night at 6:00 PM PST /CryptoDad/live Hot affiliate Links: Try the Brave Browser: https://brave.com/rex704 Set up a Coinbase account here and get $10 Free bitcoin: https://www.coinbase.com/join/5930320a2ae354526ebf4fe1 Have a specific question? Check me out on Worthyt: https://worth.yt/thecryptodad Social Media links Twitter: https://twitter.com/The_CryptoDad Support CryptoDad’s Channel Donate Bitcoin: 3MUpPe4tbjsk1BiXptJwkcciHrGjqJmBna Donate Ethereum: 0x6f56D892C10624821074de4757904298F2d5525f Donate Litecoin: MUQ4DdKQ8j3SesapMVdxKfsvZTdSnxAW86 Donate VertCoin: 3CyFak27g5DernPEBttQ3fCS5uhTfu524G Donate XRP: rMvMUNxrgwvNnrZV4PFT56MZcY9rJiUh8M The opinions expressed in this video are my own. I encourage you to find out more about these topics on your own. I am not responsible for thoughts in your head. Please note that I am not a financial advisor, broker/dealer, or any other kind of qualified professional. Please use your best judgement when dealing with cryptocurrencies and don’t invest money that you can not afford to lose. What is Bitcoin? Bitcoin is a new technology that functions as a digital currency. It is a peer-based, decentralized way to hold, store, send, and receive value. It does this by maintaining a cryptographic “ledger” called the Blockchain. All of the bitcoins in existence are created and stored on the Blockchain. Bitcoin with a capital “B” refers to the technology itself. Bitcoin spelled with a little “b” refers to the tokens that hold the value and can be exchanged with others. Multiple copies of the Blockchain exist on thousands if not millions of computers worldwide. Each copy of the Blockchain “verifies” itself by connecting to the Internet and making sure it has the most up-to-date list of transactions. The Blockchain maintains its integrity by using strong, modern, encryption techniques. This makes it impossible for anyone to alter the ledger, create fake transaction or “double-spend” their bitcoins. Bitcoins do not require banks or third-party financial services to act as central clearing houses for electronic transfers. In essence, Bitcoin technology “cuts out the middleman”. Bitcoin is a decentralized, peer-to-peer monetary system that exists outside of the traditional, centralized, fiat-currency based financial system.

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