The growing number of women in the cryptocurrency industry is reshaping traditional finance and technology dynamics. The digital era, accelerated by the pandemic, has enabled remote work, benefiting women who often balance multiple roles. Cryptocurrency investments offer women the chance to generate passive income from home, maximizing returns on their crypto holdings and reflecting the rapidly changing landscape in tech and finance. This article should bring you insights into the magic of crypto investments and the basics of the background of this immersive industry before you jump "TO THE MOON".
Let's start with the basics: why Bitcoin, Ethereum, and blockchain applications have become so popular and valid in the last decade or so. The phrase “Open source” started to appear in software development venues around the 1990s to describe the phenomenon of people posting code publicly on the internet. Anyone can use the code for their own purposes, scrutinize it for bugs, or propose new changes or features. Many websites are built on open-source code, often without the end user's knowledge. This is actually true - a lot of what people do on the internet hinges on open-source code. At least 37% of websites that people visit rely on Linux, the open-source operating system. Among these are Mozilla Firefox, GitHub, and LibreOffice.
Open-source code is the backbone for Bitcoin, Ethereum, and the systems behind many other cryptocurrencies. Open source is an essential ingredient in the Bitcoin and cryptocurrency realm because, like cryptocurrencies, open source is "decentralized". This means they do not have a leader who can stop certain transactions or control the network. There is no third entity, company, or anyone who can come and turn Bitcoin or Ethereum off. This secret ingredient made Bitcoin, Ethereum, and other immersive technologies so popular - freedom, transparency, and community.
As we started with themes such as Bitcoin Ethereum, it is worth clarifying the core tokenomic and investment questions. It is “What is a Blockchain?”. A blockchain is a continuously growing list of records that are linked together in sequence. Each record is called a block, and each record contains, in addition to information about the transaction it represents, a cryptographic hash of the previous block. Blockchain can facilitate the information about the movement of goods, events, transactions, assets—and, of course, digital money—among a connected network of individuals and groups, all in a way that is auditable by anyone having access to the chain. Even if the block contains encrypted or anonymous information, the chain's integrity can be verified by checking that the hashes all line up in sequence. Blockchain is one of the forms of the Distributed ledger.
Tokenomics, a blend of 'token' and 'economics', is a fundamental cryptocurrency concept crucial for making informed investment decisions. Tokenomics refers to the financial structure of a cryptocurrency and includes elements such as supply and distribution (production and distribution among holders. For example, there is limited supply, like Bitcoin, which has a cap of 21 million coins. Others, like Ethereum, have no supply cap but burn Ether used for transactions), utility (utility (the usage of a token. A token might be used to pay for transaction fees, provide the owner with a say in the future of a protocol, or serve countless other functions), and security of a token within a blockchain ecosystem (protection of the token and its network from vulnerabilities that could lead to loss of funds).
The education and regular upskilling allow investors to evaluate a token's potential value and risks. Analyzing tokenomics can uncover red flags like unfair distribution, lack of clear utility, or non-transparent practices. This practice goes hand in hand with understanding Fundamental and Technical Analysis. Investors can find online resources such as Coinbase, CoinMarketCap, CoinGecko, and Messari. In conclusion, tokenomics is a complex but essential part of evaluating crypto investments. Investing without understanding tokenomics can lead to losses.
it might look very complicated to start with your education in this thriving industry and possibly find like-minded women. Don't worry, there are many organizations and communities you can chime in. Below are the most interesting in the crypto world.
A global community of 1000+ members that empowers women and non-binary folks to unlock financial freedom through crypto.
A thriving community celebrating representation, inclusivity, and equal opportunities for all. They provide funding to emerging women artists, support women's causes, and help educate and onboard women to Web3.
A community that promotes inclusivity, education, empathy, and empowerment for women. They offer a scholarship program to help women in need attend school and support causes that resonate with their values.
A community dedicated to being a catalyst for women to define the blockchain space. They offer educational content, networking events for women in Web3.
A community dedicated to connecting, empowering, and educating women in the context of the metaverse. The metaverse is a virtual shared space where users can interact with a computer-generated environment and other users. The community's founder is involved in the promotion of women's participation and influence in the metaverse.
I am a proud Co-founder of this community. The aim of encouraging everyone to engage with new technologies, educate themselves, and keep up with the times. The initiative provides educational content, workshops, and videos related to the world of cryptocurrencies. It has a YouTube channel with educational videos and an Instagram account with a significant following. The initiative aims to connect and empower women interested in technology and the financial future.
The world of cryptocurrencies is complex, with many ups and downs, especially in the current Bear market. Before the Bull market hits, it would be great to know the opportunities and threats in the market. Understanding basic concepts of tokenomics to analyze the crypto project is step one. The range of assets in the cryptocurrency world includes cryptocurrencies, tokens, NFTs, DeFi, and DAOs. All and more will be shared in the upcoming article.
