If you would like to learn about cryptocurrencies and Pandacoin, you’ve come to the right place! The Pandacoin Development team is dedicated to educating all about the benefits of cryptocurrencies, and how to go about using them. Here, we have produced material just for that purpose.
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Crypto Crash
Course -
Introduction &
Course Outline
1st Course - Introduction to Cryptocurrency
Are you new to the
2. exciting world of
cryptocurrencies?
Are you seeking
information and
tutorials, but having
trouble finding them
all neatly summarized
in one place on the
internet? You've
came to the right
place! This is an
introduction and
outlines all the
different
cryptocurrency
courses and
articles/tutorials that
make up
Pandacoin's Crypto
Crash Course.
If you would like to learn
about cryptocurrencies and
Pandacoin, you’ve come to the
right place! The Pandacoin
Development team is dedicated
to educating all about the benefits
of cryptocurrencies, and how to
go about using them. Here, we
have produced material just for
that purpose.
All of the information here is
important, but if you want to just
get started with your wallet and/or
mining, quickly and easily, take a
look at our step by step
guides or our wallet and mining
articles listed below!
The material is split into the
following sections and
subsections:
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What is
Cryptocurrency
3. 1st Course - Introduction to Cryptocurrency
What is a
cryptocurrency like
Pandacoin, Bitcoin,
Litecoin and
Dogecoin? After-all,
doesn’t money have
to be backed by a
government or a
commodity like gold
to be worth
anything? What are
crypocurrencies, and
how are they made?
A cryptocurrency is a digital
currency stored in digital form on
what is called a “blockchain”,
distinct from traditional currencies
which are represented in physical
form with paper/plastic notes or
metal coins. The blockchain can
be understood as a digital public
ledger which tracks coins coming
into existence, and coins moving
from place to place. This digital
currency in the form of
information is created through the
process of solving algorithms.
That is, you start off with an
algorithm or formula which
contains the information in
question, which is then solved.
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Advantages
Over
Traditional
Money
1st Course - Introduction to Cryptocurrency
4. What are the
differences between
cryptocurrency and
regular bill-and-coin
money? The
Pandacoin Crypto
Crash Course will
take a close look at
digital currency's
advantages.
Traditional money such as the
Dollar, Euro, or Yen, all have
something very unfortunate in
common. These currencies
are uncapped, centralized, and
regulated. This means that these
traditional currencies are
regulated and controlled by a
central establishment which can
print as much of the currency as
they see fit. In the United States,
this establishment is the “Federal
Reserve”, a private company
which prints money and controls
the supply of the dollar. The
system as described above
provides a few key weaknesses.
Read More
What Makes a
Cryptocurrency
Worth Having?
1st Course - Introduction to Cryptocurrency
5. Two questions that
seem to be asked
most often about
crypto currency are,
“What is it, you can’t
make money out of
nothing”, or “Isn’t
that just like a penny
stock”
Two questions that seem to be
asked most often about
cryptocurrencies are, “What is it,
you can’t make money out of
nothing”, or “Isn’t that just like a
penny stock”. The concerns of
those who inquire are of course
are valid, and here these
concerns and a few others shall
be addressed.
As for the first question, which
essentially asks, “why is it worth
money and what reason do I have
to invest” the explanation may be
a little technical. A cryptocurrency
is a digital currency that is
released via the decryption of an
algorithm. As this algorithm is
decrypted, chunks of coins called
“blocks” are found, like digging
through dirt to find gold. When
each block is found, the coins
contained in that block are
released to whomever found
them.
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Risks of
Cryptocurrency
- Part 1 - What
Makes the
Network
6. Secure?
1st Course - Introduction to Cryptocurrency
What are the risks
inherent in investing
in cryptocurrency?
Pandacoin's Crypto
Crash Course will fill
you in on the
precautions to take
before you take the
plunge.
Whether you have just heard of
cryptocurrencies like bitcoin from
the media or you have been
keeping an eye on them for a
while, you might be trying to figure
out whether or not it would be a
good idea to involve yourself.
Here, we will be reviewing both
the advantages and risks of
cryptocurrencies as they
compare to government backed
fiat currencies (Dollars and Euros
etc).
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