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Our Education
Learn more about basic terms in the Crypto Space
Web3
Technology
Web3 is the third iteration of the internet, which aims to build a more decentralized and user-centric web using blockchain technology.
Unlike the traditional centralized web, Web3 allows for secure and direct communication between peers, where users have more control over their data and digital identity.
Web3 also facilitates the development and adoption of decentralized applications (DApps) that can operate without the need for intermediaries or centralized authorities
How to start learning about Crypto
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Firstly, it's important to start by following the right people and organizations on social media. Look for experts and thought leaders in the blockchain and investment space, as well as reputable news sources and publications
Another great way to learn about blockchain and investments on social media is to join relevant groups and communities. There are many online groups and forums dedicated to blockchain and investments, where members can share ideas, ask questions, and learn from one another
You can also use social media to connect with other investors and explore potential partnerships or collaborations
Overall, social media can be an incredibly powerful tool for learning about blockchain and investments
How to secure your assets
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Crypto assets are valuable and can be attractive targets for hackers and scammers. Here are some tips to help you keep your crypto assets safe:
Use Strong Passwords: Avoid using the same password for multiple accounts.
Enable Two-Factor Authentication: Two-factor authentication adds an extra layer of security to your accounts. Use an app like Google Authenticator or Authy to set up 2FA.
Keep Your Software Up to Date: Make sure you're using the latest version of your crypto wallet software, and keep your computer and mobile devices updated with the latest security patches.
Be Cautious of Phishing Attempts: Be cautious of any emails or websites that ask you to enter your private keys or other sensitive information.
Keep Your Private Keys Safe: Your private keys are the key to your crypto assets. Keep them safe and never share them with anyone.
In NUGEN we eant you to keep safe, so always make sure you’re being careful enough and feel free to ask some advice ;)
How to learn about blockchain
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1. Start with basics: Learn about the core concepts of blockchain such as decentralization, distributed ledger, consensus algorithms, and cryptography.
2. Read whitepapers: The original BTC and ETH whitepapers are considered must-reads.
3. Join online communities (out of projects): There are many online forums and social media groups dedicated to blockchain where you can ask questions, participate in discussions, and learn from others.
4. Take online courses: Many websites offer courses and tutorials on blockchain, including Coursera, Udemy, edX, etc.
5. Stay up-to-date: The blockchain industry is constantly evolving, so it's important to stay informed about the latest developments, trends, and challenges.
With dedication and persistence, you can become a knowledgeable and skilled blockchain professional.
Advantages Of Blockchain Over Non-Blockchain Database
• Immutability. Blockchain supports immutability, meaning it is impossible to erase or replace recorded data. Therefore, the blockchain prevents data tampering within the network.
• Transparency. Blockchain is decentralized, meaning any network member can verify data recorded into the blockchain. Therefore, the public can trust the network.
• Censorship. Blockchain technology is free from censorship since it does not have control of any single party. Therefore, no single authority (including governments) can interrupt the operation of the network.
• Traceability. Blockchain creates an irreversible audit trail, allowing easy tracing of changes on the network.
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Fun Facts
Interesting facts
Did you know that the crypto market showed its real life usability from the very beginning?
The first commercial bitcoin transaction was for pizza
A man in Florida paid 10,000 bitcoins for two Papa John’s pizzas on May 22, 2010. This was the first Bitcoin payment for goods, and it was worth around $40 at the time. This is widely acknowledged as the first commercial bitcoin transaction.
A couple just got married in real life and The Sandbox (A popular metaverse crypto game)
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