Cryptocurrency Education
At Bitcoin530 we help you gain an understanding of what Bitcoin technology is and what cryptocurrencies are and why investing in them properly can preserve your wealth against hyperinflation and poor monetary policy. We will also help you develop your crypto-hygiene routine to keep your Bitcoin and cryptocurrency safe.
How Blockchain Works
Simply speaking, Blockchain is a peer-to-peer decentralized distributed ledger technology that makes the records of any digital asset transparent and unchangeable and works without involving any third-party intermediary. It is an emerging and revolutionary technology that is attracting a lot of public attention due to its capability to reduce risks and frauds in a scalable manner. This is just a brief explanation. For the deep dive, grab your favorite beverage and begin reading this simple guide courtesy of 101Blockchains.
Why Invest in Crypto?
The main reason to own any asset is that it can go up in value. Much of Bitcoin’s original appeal is as a store of value to protect against inflation.
Besides its use as a store of value, cryptocurrency is enabling new digital finance (DeFi) applications such as streamlined and reduced costs of financial transactions.
Fast and Global
The advancements in technology have made it easier for people to make digital transactions across the border within minutes and at low cost.
Irreversible
Transactions made on the blockchain are immutable: once the transaction is done, it is done. It is infeasible to reverse a single transaction, even if there were valid reasons to do so.
Secured
Blockchain transactions are secure by creating a distributed ledger that breaks actions into blocks and spreads those blocks of work across different computational systems and relying on consensus to validate transactions.
Pseudonymous
Neither transactions nor accounts are connected to real-world identities. You receive Bitcoins on addresses, which are a string of approximately 30 random characters. While it’s possible to analyze the transaction flow, it is not necessarily possible to connect the real-world identity of users with those addresses.
Permissionless
Using cryptocurrency does not require permission from anyone. Everybody can download a wallet (software) for free. After you install it, you can receive and send Bitcoins or other cryptocurrencies. There is no intermediary.
Are You Looking To Dive Into Crypto But Unsure How To Start?
Our Educators
Kristie Mathews
Co-Founder
Lyndia Kent
Co-Founder
Need Help? Contact Us Now!
530-324-5175
Most questions can be answered on the phone or by video chat. We can arrange to meet in person at your home or place of business if preferred.