In this video, we are going to explain what a blockchain is in very basic terms using simple examples and analogies. A Blockchain is a record of data that is stored on a network using cryptographic hashes.
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Welcome to School of Block.Sections in this video0:00 Intro - how do you keep your crypto safe?0:50 What is self-custody?2:31 Where do you start?3:26 Limitations of exchanges4:54 Software wallets or “hot wallets”5:46 Getting your coins into cold storage7:29 Ledger Live - interacting with software wallets15:38 Wrapping it up
First, the SLANG:
ALPHA - early investment advice or information that puts you ahead of the game
APEING IN - buying into an NFT project, perhaps without due diligence
We all know that when it comes to your hard earned dollaroos, safe can never be too safe. Well, the same goes for those online crypto wallets you grasp to to keep those scammers at bay.