This is a free sample lesson from 'How To Confidently Join The Digital Money Revolution - Master the basics of Bitcoin and own a stake in the future of money'. This is an online course available through Cryptoversity.com. You can sign up for the full course at: https://www.cryptoversity.com/courses/the-digital-money-revolution/ What is Cryptography? Digital Money Revolution Bitcoin is... An open source software protocol which enables a blockchain to be built on a trustless peer to peer decentralised network via the Internet, which can be used to host a public database which tracks changes in ownership of assets and is secured by cryptography and consensus. A bitcoin is... A unit of digital currency that exists on the Bitcoin blockchain, is stored in a wallet and can be used to track the exchange of value in a free market economy. Digital Money Revolution - What is Cryptography? Think about Pig Latin... Typically used by children to communicate with their brothers and sisters without their parents being able to understand. A way of communicating in secret by converting the message into a secret format It’s a way of making a message appear meaningless unless you know how to interpret it Digital Money Revolution - What is Cryptography? Pig Latin Rules... Take the first consonant (or consonant cluster) of an English word, move it to the end of the word and add ‘ay’ So ‘pig’ becomes ‘igpay’ If a word begins with a vowel you just add ‘way’ to the end So ‘apple’ becomes ‘appleway’ Digital Money Revolution - What is Cryptography? An Example Ellohay ymay amenay isway ischray andway elcomeway otay ethay igitalday oneymay evolutionray. Digital Money Revolution - What is Cryptography? Hello my name is Chris and welcome to the Digital Money Revolution. The Pig Latin rules are called the encryption key. Summary Encryption is used to scramble a message so that it looks meaningless while it’s travelling Unless you know the encryption key there’s no way to know what the original message was You may not even know what format the original message was in (numbers, images, words, language) These elements may not even be included in the encrypted message If the type of encryption became less secure (say because of new computer technology), Bitcoin is open source Hence a newer type of encryption (maybe one that hasn’t even been invented yet) could be proposed, agreed on and implemented ... https://www.youtube.com/watch?v=PryWJm7qfO4

Subscribe to my DTube channel and earn cryptocurrency rewards for your best comments at: https://d.tube/#!/c/marketingmonk and https://steemit.com/@marketingmonk Click on a video and then click 'subscribe'. On today's show... 1. We are going to do our daily check on the Lightning network 2. We’ll spend a few minutes talking about the prices of Bitcoin and IndaHash 3. AND the company behind EOS formally announce what they are going to do with the $1b they have raised in their token sale **Story - Lightning Watch** 0:47 https://lnmainnet.gaben.win/# https://p2sh.info/dashboard/db/lightning-network?orgId=1 https://docs.google.com/spreadsheets/d/14EN_vpbeLeQNFTNJ8DJbayZX33wlRINW-oQfJjveScI/edit?usp=sharing Today’s stats. Many of you were asking me whether I was concerned about centralisation on the lightning network. Another way to say that is, should we be concerned about hubs developing? Well we see some evidence of that happening here. Our old friend SleepyArk here is clearly a hub. On the positive side, this is an ideal position that web wallets like Blockchain.info could occupy and earn small fees to pay for their free web wallet software. On the downside, these hubs are danger zones that can be attacked both technically and legally by imposing Know Your Customer regulations on the hubs. I’ve been thinking about this and I have a technical solution for this. Why don’t the developers bake decentralisation into the code itself? When you want to open a channel, you could opt to scan the network, fund the node with the fewest connections and then open a channel with them. Similarly, when the Lightning software is calculating the route across the network, why does it intelligently take a path that would re-balance, the account balance in certain channels along the way. Now that might be double dutch if you don’t understand technically how the lightning network works so I apologise for that. Of course I have no idea how my solution would be accomplished technically but I think the idea is sound, let me know what you think in the comments. Preferably post a comment on Steemit or DTube so I can tip people who gives the best answer. **Story - Bitcoin and IndaHash prices** 6:29 https://coinmarketcap.com/currencies/indahash/#charts Let’s do IndaHash first because yesterday they got listed on their first exchange. At the moment I record this, IDH is trading for around $0.44. The ICO pre-sale price was $0.18 and the public sale price was $0.28 so pretty good. However, it looked pretty bad a few minutes after the market opened because the price immediately tanked by 75% but has since recovered to a reasonable place. https://tidex.com/exchange/idh/eth IndaHash have done something I think is very smart. During their ICO they h ... https://www.youtube.com/watch?v=sUgqKAuQUV4

**On Today's Episode Of The Cryptoverse:** As Dash is now the third most valuable cryptocurrency in the world, people are starting to scrutinize it more closely. So I think it’s important that we bring this common complaint out in the open and give you my take on it. The news starts at 7:36. Hardware wallets are the only way to truly store your cryptocurrency securely. Ledger provide a range of devices to suit all budgets and preferences. [Checkout my review of the Ledger Nano S by clicking here](https://www.youtube.com/watch?v=o0kdbO85ZwM) **Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Cryptoversity Patron:** Make a regular contribution and you'll help to secure Cryptoversity's future, get unlimited access to all Cryptoversity courses as well as a private Telegram chat group where you get direct access to me: https://www.cryptoversity.com/podcast/ **Or Pay As You Go With Bitcoin Tips:** 1Lak8zkQbUB5FgDD6ci6M82oTVBveuBxBT **Sources:** [Cryptocurrency Prices Provided by CoinMarketCap.com](http://coinmarketcap.com/) [The Bitcoin Price Chart Provided by BitcoinWisdom.com](https://bitcoinwisdom.com/markets/bitstamp/btcusd) [Dash Instamine Issue Clarification](https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification) [LiteCoin SegWit Tracker](http://litecoinblockhalf.com/segwit.php) [Coin Dance Bitcoin SegWit Tracker](https://coin.dance/blocks) [Get Early Access To My Secrets Of The Bitcoin Triangle Course: Discover 21 Fast Track Ways To Make and Save With Bitcoin](https://www.cryptoversity.com/courses/secrets-of-the-bitcoin-triangle/) Produced by Cryptoversity.com the online school for learning about Bitcoin, crypto-currencies and blockchains. https://www.cryptoversity.com ... https://www.youtube.com/watch?v=NYMCscyuviI

**On today's episode of The Cryptoverse:** The Ledger hardware wallet company provides an update on Bitcoin Gold. IndaHash have launched a referral program that you can use to get some free coins. I’ll give an update on the Segwit2x and Bitcoin Cash hard forks. Learn how to make money with Bitcoin and cryptocurrencies at: https://www.cryptoversity.com **Request a video topic here** https://goo.gl/forms/vcOaFAeIFVtj6NWw2 **Please Support The Cryptoverse And Boost Cryptocurrency Adoption By Becoming A Patron:** https://www.cryptoversity.com/enroll/ **Tip Me With Crypto:** Bitcoin: 3CQUetJXrCe6WvLQw1S9bjKp5HWuUrkbcK LiteCoin: LYW257w2Z6bqBEAtqNB4kwwEFQNy82vWCg Dash: XoJrvgobQAtphXmcxStATPJQUgZYpWVMFu Ethereum: 0x3a8c8a9932f53a7224b51b6373cf2c726ab9b721 **My Social Channels** Steemit: https://steemit.com/@marketingmonk Twitter: https://twitter.com/ChrisConeyInt Facebook: https://www.facebook.com/Cryptoversity/ Gab: https://gab.ai/chrisconey Minds: https://www.minds.com/marketingmonk **Here are a few services I recommend:** Purse: https://purse.io/?_r=ccint Roboform: https://www.roboform.com/?affid=c5489 Vaultoro: https://www.vaultoro.com/?a=100678 Ledger Hardware Wallet: https://www.ledgerwallet.com/r/d1da?path=/products/12-ledger-nano-s **Sources:** https://onchainfx.com/ https://coinmarketcap.com https://www.coinigy.com/?r=16171fe8 https://www.ledger.fr/2017/10/25/status-bitcoin-gold%E2%80%8A-%E2%80%8Aas-bitcoin-block-491472/ IndaHash livestream: https://www.youtube.com/watch?v=OreCRiqWAQ4 https://r.indahash.com/ https://bashco.github.io/2x_Countdown/ https://coin.dance/blocks https://cash.coin.dance/blocks **Get Your Official Cryptoverse Mug** https://shop.spreadshirt.co.uk/cryptoversity/ ... https://www.youtube.com/watch?v=ioW-ImwfG9U