By Bret Piatt
Aug 7, 2018
This past Saturday, August 4, episode 97 of Cyber Talk Radio hit the air on 1200 WOAI and iHeartRadio streaming. I was joined by Alex Eaton, BRD Community Architect and San Antonio Crypto Network Founder, to discuss what you need to know about cryptocurrency, blockchain and more.
How did you go from being in the army to becoming a cryptocurrency professional? Alex kicks of the segment telling us his story of how he became interested in cryptocurrency. As you begin to dig in to cryptocurrency, you find that there is a lot of terminology to keep up with and learn! For example, what’s the difference between blockchain and cryptocurrency? Alex gives us a quick beginner’s course on the the common vocabulary used within the cryptocurrency industry. (see quick guide below) There are over 1,700 different cryptocurrencies some public and some private. This is a big, fast-growing industry, which mean there are a lot of scammers. You should always practice diligent data privacy practices when you are managing your digital currency. To help educate more people, Alex started the San Antonio Crypto Network Facebook group to help provide an unbiased trusted education resource for people to learn more about cryptocurrency, how to manage, tips and security best practices. If you are looking to purchase or sell digital currency, Alex recommends coinbase.com as its one of the most popular places to purchase and sell.
Cryptocurrency Vocabulary Lesson:*
In the second half of the show, we talk through some of the economics of cryptocurrency as well as price, market cap, ranking, and all of the info you would like to know about a specific currency. What are three things to look for when researching cryptocurrencies to invest in? Alex shares his top tips and what to look out for when choosing.
Alex walks us through some of the well-known cryptocurrencies and platforms such as Ripple, Ethereum, Ether, Bitcoin and Lightcoin. There are 500 cryptocurrencies that are built on Ethereum’s blockchain alone! This stat just shows that there are a lot of choices in the industry so do your research. With digital currency, how do you store it? It is important to backup your wallet and safely store your private key. Don’t store it on your phone in your photos! That is not a safe method of storing your private keys. If you are interested in getting more knowledgeable and would you like to become a certified professional in cryptocurrency, the Cryptocurreny Certification Consortium (C4) is the place to go to get your certification. A few word of advice from Alex as we close out the episode, don’t trust always verify! To listen to the episode replay to learn more cryptocurrency and blockchain, go here or watch below.**
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*All definitions are from Wikipedia.