Contents
In the new episode of the podcast “What has changed?” discussed with experts how cryptocurrency enters our lives, why blockchain is safe and how to look for a job in the field of digital money
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Edition guests:
- Sergey Romantsev – podcast host, tech blogger,
- Sergey Khitrov is the founder of Listing.Help, the world’s largest listing agency, Blockchain Life blockchain forum and Jets Capital investment fund.
- Sergey Romanov is the creator of Red Company, the TON blockchain ecosystem.
Topics of conversation:
1:25 – in simple words: how money gets into the computer
4:39 – is blockchain a security standard?
8:21 — cryptocurrency as a national currency: why many are afraid of it
11:59 — how crypto transactions are carried out
19:24 – not only mining: how else do you earn cryptocurrency
29:00 – is it worth buying cryptocurrency now
Cryptocurrency and blockchain: what is it
Sergey Khitrov is sure that cryptocurrency is an evolution of ordinary money, it should be treated as another way to pay for purchases or earn money. Sergei Romanov added that the distinctive feature of the cryptocurrency is that it is stored in the blockchain, a decentralized system whose chains are scattered all over the world. To conduct transactions with such a currency, it is enough to connect to your wallet from any device with Internet access.
Blockchain is a fairly secure system, says Romanov. It becomes vulnerable only in the case of poorly written code – then hackers have more opportunities to crack. The safest way to store digital money, the expert explains, is a wallet protected by a code of 12 or 24 random words.
How cryptocurrency is mined and how it is earned
Khitrov said that mining takes only 3% of cryptocurrency earnings. In general, there are two ways to get digital money.
Khitrov added that the cryptocurrency industry should be considered as a potential job. Now, according to experts, there are already more than a hundred thousand cryptocurrencies in the world: all these are separate projects that need both technical and humanitarian specialists.
Why cryptocurrencies are mistrusted
The experts explained that states look at cryptocurrencies with concern, because it is important for them to control the cash flow, which allows them to calculate taxes to replenish the state treasury. The decentralized organization of the blockchain does not allow this. Nevertheless, says Khitrov, El Salvador, which relatively recently made cryptocurrency public money, managed to increase the number of tourists and earn money on investments in this area.