Is Bitcoin the Only Large Scale Cryptocurrency?

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Bitcoin is the only large scale, what we call proof of work, mind cryptocurrency. It uses this mining concept where a bunch of computers are trying to solve a game every 10 minutes in order to win more Bitcoin. And it is the only network of that type that has achieved massive global scale. But like you think about Litecoin and some of the other projects, they fork Bitcoin. They start testing different things that you don't want to test on the Bitcoin network.

In this episode, Bill and Peter discuss the basics of crypto, how to get involved in the crypto world, and how the banking system will evolve.

You will learn about:

21:09 | The 101 of Cryptocurrency
50:51 | Building Confidence In A System That Is Fully On The Internet.
1:20:17 | What Will Be The Tipping Point When Crypto Takes Over?

Bill Barhydt is the founder and CEO of Abra, an all-in-one mobile wallet that allows its customers to buy, sell, trade, store, and borrow cryptocurrency. Barhydt is a serial entrepreneur who has worked with NASA, the CIA, and Goldman Sachs.

Learn more about Abra.

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