A cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. Unlike physical money, cryptocurrencies are decentralized, which means they are not issued by governments or other financial institutions.
Cryptocurrencies are created (and secured) through cryptographic algorithms that are maintained and confirmed in a process called mining, where a network of computers or specialized hardware such as application-specific integrated circuits (ASICs) process and validate the transactions. The process incentivizes the miners who run the network with the cryptocurrency.
Bitcoin, Ether, Litecoin, and Monero are popular cryptocurrencies.
Joining us for our discussion on Cryptocurrency Knowledge is Najah Roberts who is on the phone from her Philadelphia office . Najah Roberts is the Founder, CEO, and Chief Visionary Officer of the only African American owned brick and mortar cryptocurrency exchanges in the country -Crypto Blockchain Plug located in Inglewood, CA. She has spent 10+ years counseling thousands of inner-city youth, business professionals, athletes, and families in the cryptocurrency and financial education space. Najah strives to live a life of relevancy and purpose through service to others, and has quickly become a revered figure in online communities like Clubhouse,and her daily radio show on Tavis Smiley's KBLA 1580 Talk Radio. She has now expanded her reach by Creating Crypto Kids Camp, Co-Founding The Black Wall Street Wallet alongside actor Hill Harper, as well as Founding The Bitcoin Banq. She also does the Annual Digital Financial Revolution Tour, where she travels from city to city bringing Crypto Education to underserved communities across the country. A highly gifted motivational speaker, educator, philanthropist, author, and leader in her community, Najah has made it her personal goal through her social influence to change narratives, raise bars, and set standards.
Welcome To Mastering Your Money, Najah Roberts.