Why everyone has their own token - Crypto in Plain English – Episode 14 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it15 Loka 2021

Why everyone has their own token - Crypto in Plain English – Episode 14 - by cryptohunt.it

014 Why everyone and their grandma have their own token

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

Today: We explain why there are thousands of different coins and tokens.

You have heard of Bitcoin and Ethereum, but there are 8000 others listed on Coinmarketcap alone. Why are they there? Let’s dive into the three reasons.

First – functionality. When Bitcoin couldn’t be changed to do more than just transfer money in a very specific way, Ethereum – the programmable money we created an episode about – came about. And then, building on Ethereum and other networks, many more were created to cater to different use cases.

Second – a token could be used to power a specific community. Imagine a social network that, instead of selling your data to advertisers, rewards you for participating with their own token. It’s like Reddit Karma points, but you can sell them.

Third – greed, scams, and jokes. Sad to say, but look out for those. There is a lot of money in crypto, and that attracts a lot of bad players. Creating a coin is easy, finding a celebrity to hype it too – and often it’s just to make the creator rich.

And now you know why we are building cryptohunt: A place that will help you discover what actual problems projects are solving, and if there are red flags, so you can make up your mind about those 8000 tokens out there.

And tomorrow: We explain the amazing idea behind the Web 3.0 movement.


Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

What is the difference between public and private keys in crypto? - Crypto in Plain English - Episode 69 - by cryptohunt.it

What is the difference between public and private keys in crypto? - Crypto in Plain English - Episode 69 - by cryptohunt.it

What is the difference between public and private keys in crypto? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about crypto keys...

31 Joulu 20211min

What is ERC-20? - Crypto in Plain English - Episode 68 - by cryptohunt.it

What is ERC-20? - Crypto in Plain English - Episode 68 - by cryptohunt.it

What is ERC-20? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s learn about a powerful, yet technical concept that makes Ethereum so spe...

30 Joulu 20211min

What makes Lizard Coin (LIZ$) special? - Crypto in Plain English - Episode 67 - by cryptohunt.it

What makes Lizard Coin (LIZ$) special? - Crypto in Plain English - Episode 67 - by cryptohunt.it

What makes Lizard Coin (LIZ$) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s talk about Lizard Coin! Never heard of it? You ar...

29 Joulu 20211min

What makes SHIBA INU (SHIB) special? - Crypto in Plain English - Episode 66 - by cryptohunt.it

What makes SHIBA INU (SHIB) special? - Crypto in Plain English - Episode 66 - by cryptohunt.it

What makes SHIBA INU (SHIB) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll talk about yet another dog themed coin, Shiba Inu. ...

28 Joulu 20211min

What makes Dogecoin (DOGE) special? - Crypto in Plain English - Episode 65 - by cryptohunt.it

What makes Dogecoin (DOGE) special? - Crypto in Plain English - Episode 65 - by cryptohunt.it

What makes Dogecoin (DOGE) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, let’s dive into the phenomenon of Dogecoin – how it starte...

27 Joulu 20211min

What makes Polkadot (DOT) special? - Crypto in Plain English - Episode 64 - by cryptohunt.it

What makes Polkadot (DOT) special? - Crypto in Plain English - Episode 64 - by cryptohunt.it

What makes Polkadot (DOT) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we’ll talk about Polkadot, a technology introduced in 2020 ...

24 Joulu 20211min

What makes Avalanche (AVAX) special? - Crypto in Plain English - Episode 63 - by cryptohunt.it

What makes Avalanche (AVAX) special? - Crypto in Plain English - Episode 63 - by cryptohunt.it

What makes Avalanche (AVAX) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we talk about Avalanche, a relatively new blockchain tech...

23 Joulu 20211min

What makes Terra (Luna) special? - Crypto in Plain English - Episode 62 - by cryptohunt.it

What makes Terra (Luna) special? - Crypto in Plain English - Episode 62 - by cryptohunt.it

What makes Terra (Luna) special? Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english. Today, we talk about Terra, a blockchain that aims to make payments ...

22 Joulu 20211min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
hyva-paha-johtaminen
rss-rahamania
ostan-asuntoja-podcast
herrasmieshakkerit
rss-tarkeista-asioista-2
rss-sami-miettinen-neuvottelija
rahapuhetta
rss-lahtijat
rss-rentotapaus
rss-sisalto-kuntoon
rss-seuraava-potilas
pomojen-suusta
sijoituspodi
rss-muutoksenanatomiaa-podcast
rss-uppoava-vn-laiva
rss-tyoelaman-timantteja