Making Millions by Investing in Bitcoin, Ethereum and Altcoins (Hacking Investing)

In this video by Ian Balina, he claims to help teach you to make six figures in your twenties and possibly even become a millionaire. Balina talks about how all cryptocurrency is about to blow up in a good way. The show covers information and tips about bitcoin (btc), ethereum, all cryptocurrency and more. This is an exciting time with all the talk of cryptocurrency and the potential that it may have to make money with your investments. Bitcoins are cryptocurrency is created as a reward for a process that is known as mining. BTC can be exchanged for other currencies, services and products. As of February 2015, there were over 100,000 merchants and vendors who accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were between 2.9 to 5.8 million unique users who were using a cryptocurrency wallet, most of them using btc.

People are saying that ethereum is going to be even more popular than bitcoin. Bitcoin is a decentralized digital currency. So just like there is cash, BTC is a digital currency. What is different compared to cash is it is decentralized, there is no bank or government that controls it. Bitcoin is peer to peer. The benefit of bitcoin trade and btc is that you don't have to rely on the banks or the government to do your trades, there is no middle man. You are directly talking to the other person and making a transaction. Ethereum is the second biggest currency platform out there. This is a decentralized distributed platform that allows you to build peer to peer applications. Think of building a super computer that is decentralized, no central computer; everything is peer to peer. Everyone around the world is putting their computers powers together to create one platform that you can run different applications on. Currency for ethereum is called ether. These applications are called smart contracts. Anything worth value of between two people, such as coffee or wheat. You can do that through the platform called ethereum. As for cryptocurrency anything other than bitcoin is called altcoins.

Blockchain. The blockchain of bitcoin trade is a public ledger that records all of the bitcoin transactions.A novel solution accomplishes this without any trusted central authority. The maintenance of the blockchain is something that is performed by a network of communicating nodes that are running the bitcoin software. Transactions of the form payer X sends Y the bitcoins to payee Z, and are broadcast to this network using the readily available software applications. Network nodes can validate the transactions, add them to their copy of the ledger, and then broadcast these ledger additions to the other nodes. The blockchain is a distributed database, and to achieve independent verification of the chain of ownership of any and every BTC amount, each of the network node stores its own copy of the blockchain. About six times per hour, there is a new group of accepted transactions, a block, which is created, then added to the blockchain, and quickly published to all of the nodes. This allows the BTC software to determine when a particular BTC amount has been spent, which is necessary in order to prevent the double-spending in an environment without central oversight. Whereas a conventional ledger records the transfers of actual bills or promissory notes that exist apart from it, the blockchain is the only place that the bitcoins can be said to exist in the form of unspent outputs of transactions.

You will find out more about all cryptocurrency to include btc and bitcoin trade on the Ian Balina site. **