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WEB3 CRYPTO EDUCATION
Our world is becoming increasingly digital, and so is our money.
That begs the question: what do we want our digital money to look like?
Many countries and banks are exploring issuing Central Bank Digital Currency (CBDC) which is a fully digital form of programable currency.
Let’s delve deeper with our Digital Founding Fathers to explore how cryptocurrencies, particularly Bitcoin, represent the next step in the evolution of traditional banking. This modern approach to self-custody and full ownership of your money introduces a groundbreaking concept in the digital age.
It’s not just an evolution in banking; it’s a revolution in how we perceive and control our financial assets. Understanding the distinctions between cryptocurrencies and traditional systems is crucial to recognizing where true innovation is taking place.
CRYPTO vs BANKS
SATOSHI NAKAMOTO
Centralized
Decentralized
Banks are centralized institutions managed by regulatory bodies who control financial transactions. Crypto operates on decentralized networks where control is distributed among a network of participants.
CRYPTO
BANKS
BENJAMIN FRANKLIN
Fiat
CRYPTO
Digital
BANKS
Banks deal with fiat currencies, government issued and regulated forms of money. Crypto means digital currencies that are not backed by any central authority.
ABRAHAM LINCOLN
Physical
Virtual
BANKS
Banks have physical branches where customers can visit to conduct transactions . Crypto is purely virtual and primarily accessed through online platforms.
CRYPTO
Private
Public
BANKS
Banks maintain customers personal and financial information private, through various regulations. Crypto transactions are recorded on a public blockchain, providing a transparent view.
SOCRATES
CRYPTO
ALBERT EINSTEIN
Limited
CRYPTO
Available 24/7
BANKS
Banks have limited accessibility with fixed operating hours, leading to payments delays. Crypto is available 24/7, allowing users to transact at any time.
NIKOLA TESLA
Middlemen
No Middlemen
BANKS
Banks are intermediaries that process financial transactions between two parties. Crypto transactions are conducted directly between users and do not require any intermediaries.
CRYPTO
US GENERAL MICHAEL FLYNN
High Fees
Very Low Fees
BANKS
Banks may charge high fees for bank transfers, cash withdrawals and account maintenance. Crypto transaction fees are usually very low, sometimes as low as fractions of a cent.
CRYPTO
GET STARTED
WITH CRYPTO
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