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In this section I will quickly explain what the cryptocurrency is and what this bloke saying and how

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can they rebel lose trust completely revolutionize our work to simply currency is a currency that is

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worthwhile.

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As you probably know we already use lots of cops we saw MasterCard American Express and many cards to

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pay in a worthwhile way.

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But we still use normal course euros and those are us and it's not completely virtual.

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But when it comes to cryptocurrency is they are completely worth to our There is not like like this

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paper money here.

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There is not like 20 bitcoins in a paper money.

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They are worthwhile like you pay for example with the MasterCard then you pay will to play.

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And also it's crypto currencies you can pay.

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We're told there are many cards that you can already use in McIndoe subway supermarket hotels restaurants

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and thousands of places where you can already pay with cryptocurrency and they are completely worthwhile.

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Then you don't have this kind of paper money and there is this group to Krafty and security.

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So it's all cramped and it follows the programming.

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Everything goes based on the way it's programmed and everybody you me anybody in the world can take

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to programming how it goes and how it works.

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It's public on the Internet.

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One interesting factor with crypto currencies is that there is no silver rain Cointreau for example

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any country doesn't control the system.

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When we talk about dhole are for example we talk about U.S. dollar the dollar of the United States or

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when we talk about Europe.

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It's from European Union.

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When we talk about Turkish lira it's from Turkey but with cryptocurrency they are global.

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One country doesn't control the system.

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They can be used everywhere in Europe in United States in Zimbabwe in Finland in England in China in

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Japan anywhere anywhere in the world.

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For example if I called the United States I now need to get these two dollars when I go to Finland I

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need to have euros when I go to Turkey I need to have the.

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But why not use cryptocurrency.

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I can use them in every country.

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And that's how it works.

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Then you compare these central banks who have all the power now.

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So let's say that European central banks they decide OK we will print more euros.

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Then it goes through their routines and the system and then they say OK now we will put X amount of

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euros more and then they print these papers more and there are more money.

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But with cryptocurrency is it's not possible.

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It's already predetermined and programmed.

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How many cryptocurrency there will be in the world.

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For example the most common one is Bitcoin and the total supply will be in the circulation is twenty

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one million.

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Now I'm simply explaining what this block same look sane is probably the single most important word

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when it comes to crypto currencies.

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Block chain is a ledger where all transactions are recorded.

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Let me give you an example.

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If I send money to you or you sent money to me it's all recorded in the Netzer called look sane and

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the history is locked and it's completely transparent so everybody can see the transactions that are

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being made.

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Nobody can change the system because it's locked so all transactions are recorded in the block say in

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which is programmed it's locked and nobody can change it.

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There are different applications for for this book taking in different crypto currencies.

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And we will talk more about them in the future.

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And crypto currencies are completely revenue solar array technologies and I would like to compare them

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to Internet compeer thirst social media mobile phones and other innovations that say that we go back

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in time for 20 years and we will talk with people about the Internet.

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People would say what is the internet.

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I have heard about it.

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Is it something like this or 10 years ago about Facebook.

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I have a friend talk about Facebook.

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I don't really know that these are computers that say 30 years ago whether computers are maybe we don't

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need them we don't need them and there are many comments about the Internet about computers about social

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media about mobile phones.

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And people probably say that we don't need them they are not useful and many other things.

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Despite all this what people say and so many people in the world are today using for example smart phones

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internet computers social media.

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There are more than 2 billion people in Facebook.

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Four billion people on the Internet.

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So many people are using the computers and we could say that in the developed countries pretty much

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everybody is using these in a way since and the same can happen with crypto currencies with the power

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of books saying technology.

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One of the leaders in the Bitcoin and cryptocurrency world Andres Antonio Poulos has said when children

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who are born today get told AIDS where they really start using money there is no paper money it means

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that the children who are born today when they become let's say 18 or 21 years old.

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There is no paper money undresses that there are cryptocurrency.

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And that's what we are using and that's the future.

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He's saying these open source of opportunity that I will explain you in the next section.