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A Brief Intro into Crypto



Published
RATS!!!!
Crypto 101

I will be talking about
* web3
* Blockchain
* Cryptocurrencies
* Ethereum drama
* and how to join

Full piece: https://www.notion.so/Crypto-101-Guide-5bcb79365eb8484687ac10fbcb774aa3?showMoveTo=true&saveParent=true

00:00​​​​ - Intro
00:44 - what web3?
01:51 - web3 in action
02:14 - Blockchain
04:24 - What does all that mean?
05:05 - Blockchain Ecosystem
06:14 - Consensus Mechanisms
07:20 - What is money?
08:44 - Bitcoin
09:43 - Ethereum
11:01 - Solana
11:46 - Memecoins
12:09 - Ethereum Scaling
14:45 - Much More
15:08 - Joining Crypto
16:34 - Final Thoughts

web3:
Applications – Examples
Cryptos – Bitcoin, Ethereum, Dogecoin.
DeFi – UniSwap, Yearn, SushiSwap.
DAOs – Gitcoin, Friends with Benefits (FWB), ConstitutionDAO.
NFTs – OpenSea, Foundation, Zora.


Blockchain is an immutable, digital ledger that facilitates the process of recording transactions and tracking assets in a network. Transactions are rolled up and recorded as a block - connected to the ones before and after of it. They timestamp transactions and link them together

Cryptocurrencies
* Digital alternatives to fiat currencies
* Store of values like gold and silver
* While there are many medium-of-exchange tokens (tokens used to pay fees on an internal blockchain network), there are only a few promising store of value assets (Bitcoin, Ether, ZCash, etc). Stablecoins seem to have taken over the unit-of-account function, although Ether is widely used to price NFTs.`

Top Cryptos
Bitcoin
Ethereum
Solana
AND MORE - but i will cover that in part 2

Layer 1 protocols: Protocols that run their own blockchain (Ethereum or Bitcoin) - the main network that Layer 2 scaling solutions can attach to.   

Layer 2 protocols: Built on top of layer 1, designed to improve scalability, lower fees, or add other features. They take a lot of the transactional work off of Layer 1 (l2beat.com)

The way to access Ethereum is through an Ethereum wallet - “An Ethereum wallet lets you access and manage an Ethereum account, serving as the gateway to bankless financial services with DeFi, the culture legos of NFTs, on-chain identity management for DAOs, and beyond”

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All materials in these videos are used for educational purposes and fall within the guidelines of fair use. No copyright infringement intended. If you are or represent the copyright owner of materials used in this video and have a problem with the use of said material, please send me an email, [email protected]

DISCLAIMER: This video does not provide investment or economic advice and is not professional advice (legal, accounting, tax). The owner of this content is not an investment advisor. Discussion of any securities, trading, or markets is incidental and solely for entertainment purposes. Nothing herein shall constitute a recommendation, investment advice, or an opinion on suitability. The information in this video is provided as of the date of its initial release. The owner of this video expressly disclaims all representations or warranties of accuracy. The owner of this video claims all intellectual property rights, including copyrights, of and related to, this video.
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