top of page
Search

Blockchain and Crypto. What Are They?

  • Writer: Peter Gehr
    Peter Gehr
  • Sep 28, 2023
  • 2 min read

Updated: Apr 25, 2024

The Digital Era is Here and it's Booming!



With the rise of online business comes an increasingly intrigued demographic that delves diligently into the realms and possibilities to increase wealth and to improve quality of life for both immediate and extended family.


Opportunity Awaits

Technology is always developing and expanding, and along with this comes the opportunity to grow with it and utilize the benefits it presents.

The diversification of these opportunities can be massively multiplied by the collaboration with industry leading experts and strategists.


Don't Miss Out!


You don’t want to miss this, and you don’t have to be a rocket scientist to understand it, or to participate.


It can be intimidating if you’re new to the blockchain and crypto space. And with the right information and the right team supporting you, we welcome you to the present and future of business across all sectors and marketplaces.





What is Blockchain?

In short, it’s a series of unchanging ledgers.

A collective of interlinked databases facilitating and recording transparent transactions and information sharing. Businesses can seamlessly transact within blocks that share and link across all networks. This is a decentralized system and is not controlled by conventional fiat-currency-based banks.


High speed and virtually instant transactions are carried out without concerns of currency fluctuations, or interest rates brought on by time delays.


This movement of cryptocurrency comes with minimal fees and with peer-to-peer trust protocols, using secure wallets and codes, makes this process easy for both parties involved.


Global Blockchain technology has a projected valuation of over $17 billion USD in 2023 and a staggering $469 billion USD by 2030.


· The Crypto market sector is currently valued at $1 trillion USD.


· The average daily trade within the Forex market sector is $5.3 trillion USD.


· And the global Real Estate sector comes in at $382 billion USD.


· Renewable energy has a market value of $928 billion USD.


· Nutraceuticals and Supplements industries come in at $382 billion USD.



What is Crypto?


Crypto currency is digital cash. The biggest difference between fiat currency and crypto currency, such as Bitcoin, is that Bitcoin is not controlled by any bank, but rather by thousands of computers worldwide.


Bitcoin (BTC) was announced back in 2008 and launched to the public in 2009.


The main advantages of Bitcoin are:


· Decentralized


· Censorship resistant


· Secure


· Borderless


Since its inception, BTC is either used in transactions or held as a long-term investment.


Due to the finite number of digital coins available, BTC has been referred to by some investors as Digital Gold and is often considered a store of value because of its rarity, much the same as commodities such as gold, silver, and precious metals.


The creator of BTC remains somewhat of a mystery, but it’s been said that Satoshi Nakamoto may be its developer. However, some theorize it may be a group of individuals, and that Nakamoto, who has never made a public appearance, is merely a pseudonym to protect the anonymity of the developer(s).

In 2009, the “White Paper” was published under the name Satoshi Nakamoto but has not been heard from since. So, for now, presumptions and speculations continue, and the true identity or identities may never be revealed.

 
 
 

Comments


© 2023 by Endeavourex Limited. Proudly created with Wix.com.

bottom of page