Let’s Talk Crypto A Detailed Look at the State of Cryptocurrency

1. Let’s Talk Crypto
A Detailed Look at the State of Cryptocurrency

2. What is blackwallet®?
Financial Literacy Platform for urban millennials
Provide Tools and Online Resources to Save and Make Informed
Financial Decisions
Discusses Cryptocurrency, Investments, Money Hacks and Real
Estate Tips

3. Financial Literacy Platform for
urban millennial
Provide Tools and Online
Resources to Save and Make
Informed Financial Decisions

4. Financial Literacy Platform for
urban millennial
Provide Tools and Online
Resources to Save and Make
Informed Financial Decisions

5. Who Am I?
John D. Saunders
● Blackwallet® Founder
● 5Four Digital Founder
● Traveler and Hot Sauce
Connoisseur

6. A Breakdown of Cryptocurrency
The Technology: Blockchain
Bitcoin and Altcoins
Today’s Agenda
Platforms for Trading
Live Q&A Session

7. “The future of money is
digital currency.”
- Bill Gates

8. Today’s Goal:
Inform + Educate

9. A Breakdown of Cryptocurrency

10. Crypto is a form of digital currency that
consists of encrypted lines of code.
It was founded by Satoshi Nakamoto, the
anonymous creator of Bitcoin.
In his announcement of Bitcoin in late 2008,
Satoshi said he developed “A Peer-to-Peer
Electronic Cash System.“
Cryptocurrency What is It?

12. It’s Decentralized
Every peer in the network needs to have a list
with all transactions to check if future
transactions are valid.
No Fraud
Individuals cryptocurrencies are digital and
cannot be counterfeited or reversed arbitrarily
by the sender, as with credit card
charge-backs.
Cryptocurrency Benefits

13. Access to Everyone
There are approximately 2.2 billion individuals
with access to the Internet or mobile phones
who don’t currently have access to traditional
exchange, these people are primed for the
Cryptocurrency market.
Lower Fees
There aren’t usually transaction fees for
cryptocurrency exchanges because the miners
are compensated by the network.
Cryptocurrency Benefits

14. The Technology: Blockchain

15. Blockchain is a system that allows a
group of connected computers to
maintain a single updated and secure
ledger.
● Each party can check the contract
logic
● Once it’s running on the blockchain it
can’t be changed or stopped.
● Imagine the applications! Real
estate, car purchase and more...
Blockchain How it Works

16. Let’s try an example . . .
Example:
1. Two people bet on Miami’s weather
tomorrow
2. Blockchain allows us to write a piece code
in the program and we both send $50
3. Blockchain keeps these funds safe
4. Program checks weather and pays the
winner automatically.
Blockchain How it Works

17. https://etherscan.io/txs

18. This is going to be the long string of
numbers also known as a "tx ID".
Effectively, it's just a way to look up the
specific transaction on the Bitcoin
blockchain.

19. This is going to be the long string of
numbers also known as a "tx ID".
Effectively, it's just a way to look up the
specific transaction on the Bitcoin
blockchain.

20. This is going to be the long string of
numbers also known as a "tx ID".
Effectively, it's just a way to look up the
specific transaction on the Bitcoin
blockchain.

21. Bitcoin and Altcoins

22. One Bitcoin is a single unit of the Bitcoin
(BTC) digital currency.
It has no value by itself, it has value only
because we agree to trade goods and
services in exchange for a higher amount
of the currency.
It is the first decentralized digital
currency, as the system works without a
central bank or single administrator.
Bitcoin and Altcoins Bitcoin Breakdown

23. Ethereum
is an open-source, public,
blockchain-based
distributed computing
platform and operating
system featuring smart
contract (scripting)
functionality.
Altcoins The Others
Ripple
XRP transfers are effectively
immediate, requiring no typical
confirmation time
Litecoin
The Bitcoin network can never
exceed 21 million coins, whereas
Litecoin can accommodate up
to 84 million coins. Also, only
takes 2.5m to process a
transaction.
NEO
NEO is backed by the
Chinese government. This
has become the most
important factor for NEO’s
popularity in China.

24. CoinMarketCap.com

25. Platforms for Trading

26. Coinbase - Coinbase is one of the most popular and well-known brokers and trading
platforms in the world and this is because the platform makes it easy to securely buy,
use, store and trade digital currency.
Binance - Chinese cryptocurrency exchange that has managed to gain a lot of
popularity thanks to its impressive number of Initial Coin Offering listings, but also due
to its low trading fees.
Bittrex - Supporting more than 190 cryptocurrencies, it offers speedy transactions, high
stability, and follows some risk management practices.
Gemini - Gemini is a fully regulated licensed US Bitcoin and Ether exchange. That
means Gemini’s capital requirements and regulatory standards are similar to a bank.
Trading Platforms My Favorites

27. Get Started
http://bit.ly/getsomecrypto

28. facebook.com/groups/financialliteracytips/
Join our
Facebook Group

29. bit.ly/cryptoife18
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30. Q&A