Posts tagged with "Crypto Tokens"

Money illustration by Heather Skovlund for 360 Magazine

Geniusu × Microschool

GENIUSU LAUNCHES INVESTOR 5.0 MICROSCHOOL TO HELP INVESTORS

THRIVE IN THE DIGITAL DECADE

Genius Group, a Singapore-based public limited company, today announced the launch of GeniusU’s Investor 5.0 Microschool, taking place online from April 12 to May 7, 2021.

The Investor 5.0 Microschool is a four-week accelerator program that covers all four drivers of building Investor 5.0 strategies with personal guidance and mentoring to lead participants towards consistent cash flow and predictable growth.

Genius Group, the world’s No.1 entrepreneur education group, has packaged its top investment strategies, entrepreneur curriculum, and online faculty into a high impact, four-week microschool, that will set participants up to thrive in the digital decade.

Genius Group has generated 10x returns on its investments in the last year, seen its group valuation grow from $30 million to $300 million, and has also made acquisitions of over $80 million in the last year alone. This has all been driven by the investor 5.0 strategies it is sharing with students in this four-week microschool.

Five reasons to join the Investors 5.0 Microschool today:

  1. Learn how to generate 10x increase in your investments using some of the top investor 5.0 strategies that set you up for success in the digital decade.
  2. Learn how to start and manage your investments in global shares & currencies, property, cryptocurrencies, and commodities, together with how to put an Investor 5.0 Portfolio Plan together for 2021 & 2022.
  3. Receive full access to all four modules and session recordings for continuous improvement even after the Investor 5.0 Microschool has completed.
  4. Be connected to over 25,000 in the GeniusU community who are creating opportunities, connections and providing resources for each other as part of our trusted community.
  5. Get in front of 1.7 million entrepreneurs on our GeniusU platform, with your own store and a suite of future proof products.

Whether you are just starting out, you are a passive investor with basic investment knowledge or an active established investor with an investment portfolio, we have the solutions to help you succeed in global shares & currencies, property, cryptocurrencies, and commodities and build an investor 5.0 portfolio.

Join us today to reset, restructure and launch your Investor 5.0 portfolio plan to navigate and strive in the digital decade.

It’s time to turn the great disruption into your greatest opportunity for growth.

To learn more about the Investors 5.0 Microschool, please visit the website.

About GeniusU

GeniusU is an Edtech platform providing over 1.7 million students across 200 countries with personalized learning paths and microdegrees on business building skills.

About Genius Group

Genius Group is a $300+ million group of companies and is the world’s #1 Entrepreneur Education Group. Genius Group was founded by futurist and social entrepreneur Roger James Hamilton. The Singapore-based public limited company also owns GeniusUEntrepreneurs Institute and Entrepreneur Resorts LimitedLearn more here.

About Roger James Hamilton

Roger James Hamilton is a world-renowned futurist and social entrepreneur and is the founder and CEO of the Genius Group of companies. Roger is the New York Times bestselling author of The Millionaire Master Plan, a practical guide to understanding how your mind works to enable you to live your most successful life. He is also the creator of Wealth Dynamics, Talent Dynamics and Impact Dynamics, tools used by over 1.7 million entrepreneurs to follow their flow.

All of Roger’s companies empower the Entrepreneur Movement – collectively growing our ability to create and contribute wealth. Roger studied architecture at Cambridge University before launching his first business, Free Market Media, in Singapore during his 20s.  He was the founding chairman of the renowned Green School, Bali, where his three children were educated.  Roger currently lives in Europe but, when permitted, travels extensively between the UK, USA, Southeast Asia and Australia.

Cryptocurrency illustration by Heather Skovlund for 360 Magazine

Cryptocurrency × NTFs

By: Heather Skovlund-Reibsamen

Cryptocurrency × NTFs

In recent news, Tautachrome Inc. has announced its patent attorney’s opinion on the early applicability of its KlickZie patents. The KickZie application will enable users to capture images that are invisibly marked and verified as the original. The owner of the image or video will have the ability to use, sell, and monetize their images. A simple tap on the image will allow users to communicate with the image’s author or others currently viewing the image. The patent is among many in the market of NFTs (Non-Fungible Tokens).

Cryptocurrency Breakdown:

Understanding cryptocurrency can be a headache! It is best to research thoroughly before investing your hard-earned money into just any digital asset. Let’s start with the basics: what is cryptocurrency?  Crypto, crypto currency, or cryptocurrency is a digital asset designed to work as a medium of exchange where individual coin ownership records are stored in a ledger existing in a form of computerized databases using strong cryptography to secure transaction records, control the creation of additional coins, and to verify the transfer of coin ownership. Now, cryptocurrency does not exist in a physical form, like your wallet filled with dollar bills.

Crypto Coins – Altcoins: Tokens, cryptocurrencies, and other forms of digital assets that are NOT bitcoin are known as alternative cryptocurrencies.

A few examples:

  • Peercoin
  • Litecoin
  • Dogecoin
  • Auroracoin
  • Namecoin

Tokens: Created and given out through an Initial Coin Offering, or ICO – much like a stock offering. Crypto tokens are a blockchain account that can provide functions other than making payments. Tokens are usually issued within a smart contract running on top of a blockchain.

  • Value tokens (Bitcoins)
  • Security tokens (to protect your account(s))
  • Utility tokens (designated for specific uses)

What does it mean when a cryptocurrency forks?

Sometimes a cryptocurrency will ‘fork’ and yes, that does sound confusing. It can be broken down into Forks, Hard Forks, or Soft Forks. Forks can be classified as accidental or intentional. An accidental fork happens when two or more miners find a block at the same, or almost same, time. The fork is then resolved when subsequent blocks are added and one of the chains becomes longer than the alternative. The network then abandons the blocks that are not in the longer chain, then referred to as orphaned blocks.

Hard Fork: A hard fork happens if a protocol or rule is changed so that the old protocol version is no longer valid.

Soft Fork: A soft fork occurs when a protocol or rule is changed, and the old version accepts the new version; enabling it to continue working.

What exactly are NTFs?

 A non-fungible token is a unit of data within a digital ledger called a blockchain. This is where each NFT can represent a unique digital item and are not interchangeable. A blockchain is a growing list of records (blocks), that are linked using cryptography. Each block has a cryptographic hash (a mathematical algorithm that maps data), a timestamp, and transaction data.

NFTs can be used to represent digital files such as audios, art, collectibles, sports, pornography, video games, and other forms of creative work. While copies can be made of these creative means, the NFTs representing the original are tracked on their underlying blockchains; therefore, providing the buyers with proof of originality and ownership.

In order to create an NFT, a file is uploaded to an NFT auction market. This creates a copy of the file recorded on the digital ledger as an NFT. This enables it to be bought with cryptocurrency and then resold. The artist can sell an NFT representing the work and still retain the copyright to the work as well as create more NFTs of the same file.

In addition, the buyer of the file does not gain exclusive access to the work or the original digital file. Unfortunately, a seller does not have to prove that they are the original artist either. There have been many cases where are was used for NFTs without the true artist’s permission.

Most Common Types of Cryptocurrency

Bitcoin: Invented in 2008 by a person or group using the name Satoshi Nakamoto. The currency began being used in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency leading the way for many others in the years to come. Bitcoins were created as a reward for a process known as mining (record-keeping service done electronically). Bitcoins can be exchanged for other currencies, products, and services.

Bitcoin Cash: A spin-off or altcoin of Bitcoin that was created in 2017 eventually splitting into two cryptocurrencies – Bitcoin Cash and Bitcoin SV. Bitcoin Cash is one of the most popular types of cryptocurrency on the market and holds a block size of 8MB. To compare, Bitcoin’s block size is just a mere 1MB. This means Bitcoin Cash processes at faster speeds for its users.

Litecoin: A peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin is nearly identical to Bitcoin. Created by Charlie Lee to improve on Bitcoin technology, with shorter transaction times, lower fees, and more concentrated miners. In May 2017, Litecoin became the first of the top 5 cryptocurrencies to adopt Segregated Witness – a soft fork implementation change in the transaction format of Bitcoin.

Ethereum: A decentralized, open-source blockchain with smart contract functionality developed by Vitalik Buterin. Ether (ETH) is the native cryptocurrency of the Ethereum platform. It is the second-largest cryptocurrency by market capitalization. Ethereum is also the most actively used blockchain. It focuses on decentralized applications (phone apps) – almost like an app store. Ethereum looks to return control of apps to its original creators instead of the middlemen (like Apple, for instance). The token name is Ether, which is used as currency by app developers and users.

Ripple: A real-time gross settlement system, currency exchange, and remittance network created by Ripple Labs Inc.  Ripple was released in 2012 upon a distributed open-source protocol that supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value (frequent flier miles, for example). Ripple is geared more towards large companies and corporations than it is for individual users. Ripple is well known for its digital protocol because it allows large amounts of money in any form to be transferred.