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.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(373)

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Avid listeners...

28 Joulu 20222min

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: I...

27 Joulu 20223min

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In...

26 Joulu 20222min

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In pla...

23 Joulu 20223min

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. A...

22 Joulu 20222min

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Th...

21 Joulu 20222min

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, in yet another episode...

20 Joulu 20222min

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? What’s worse - lying or simply not mentioning important facts? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you...

19 Joulu 20223min