Cryptocurrency with Hayden Kane




Any form of currency that only exists digitally, that usually has no central issuing or regulating authority but instead uses a decentralized system to record transactions and manage the issuance of new units, and that relies on cryptography to prevent counterfeiting and fraudulent transactions.



An incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.

How it works

  1. Create a wallet and buy a fraction of a bitcoin from exchange, like As of 3/6 at 2:30 pm  – 1 bitcoin would cost you $10,645.01
  2. Send your (fraction of) bitcoins to a merchant’s wallet to purchase goods.
  3. The transaction creates a block to add to the chain.
  4. Miners come along and verify the transaction.


The math is so complex now that there are dedicated machines whose only function is to solve the problem.

The Fortune Article I mentioned:


Banking on Bitcoin

Food for Thought

PGP stands for Pretty Good Privacy

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