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The ABC's of Blockchain and Crypto

Hedgeguard Insights
Crypto by Hedgeguard

The ABC’s of Blockchain and Crypto

We know that #blockchain is a digital ledger that stores data. It seems complicated, and it can be, but its core concept is quite simple. A blockchain is a type of database. And to be able to understand blockchain, you first need to understand what a database is. On the other side, we hear many times about digital #currency, #cryptocurrency, regulations, #CBDC. Cryptocurrency, or crypto, is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies uses or incorporates blockchain technology to gain decentralization, transparency, and immutability – the 3  core principles of cryptocurrency.

In this CryptoUntangled podcast, lead by Dr Jonida Bou Dib, our CEO, Imad Warde,  explains in a very simple and detailed way the idea behind blockchain, cryptocurrency and their implications in the financial market. Why developed countries are embracing digital currency? What is the innovative idea behind their creation and system adaptation? Imad also explains the positive effects that the implication of a digital  currency could have in countries with financial problems such as Lebanon as a weapon against bribery.

Watch the full interview!

About CryptoUntangled

CryptoUntangled is brought to you by CryptoNewsLebanon, a media website aiming to spread knowledge, information and news about all ins & out of crypto market and adaptation of blockchain into the MENA Region. So, if you are interested to hear more about the latest news and current updates, please go to cryptonewslebanon.com

Thank you Jonida for giving us the floor!

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