The Inyang Effiong Show

The PodCast About People and Events around Nigeria and West Africa

Tag: banking system

Understanding Money and Cryptocurrencies (Blockchain applications part 2)

Bundle of Money

A cryptocurrency is simply currency/money that is based on strong cryptography to secure its use for transactions, to control the creation of additional units and to verify any operations done with it. Most definitions like to add … Read the rest

A simple explanation of blockchains and crypto currencies

Chained to a bank?, not anymore.

What is the blockchain?
Say you have an account with Union Bank of Nigeria, every time you pay in money, the bank records it on your account sheet (ledger), every time you do a
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