The Beginners Guide To Crypto
Crypto Market Cap:
The Market Cap of a cryptocurrency is the amount of currency in the market multiplied by it's price in the market.
In the graph you can see that Coingecko has collected the information of 15239 different cryptocurrencies, sold across 1154 markets around the world. And the chart represents the sum of all market cap of those 15239 cryptocurrencies. Notice that at the time of this writing the total market cap is about 3 Trillion dollars. A trillion is 10^12. A billion is 1000 Millions and a Trillion is 1000 Billions.
(insert image of total crypto market cap here with notes for legibility)
Task: (Crypto Market Cap)
1) Visit the following website:
2) Find the Total Crypto Market Cap Chart.
Make sure to select the full range of the chart.
What is the total crypto market cap?
(Ans: Text) Write down this value, we will use it in the next task.
Task (Gold Market Cap)
Golds market cap is the price of gold per ounce multiplied by the amount of gold stored in the worlds reserves.
1) Visit this website:
What is the Gold Market Cap?
(Ans: Text)
Exercise:
Compare the Gold Market Cap to the Total Crypto Market Cap.
Task (Companies Market Cap)
The market cap of a company is the number of shares multiplied by the price of each share.
1) Visit this website:
Largest Companies by Market Cap
What is the most valued company by Market Cap?
(Ans: text)
Exercise
Compare the Total Crypto Market Cap to the top valued companies in the world.
Notice that the most valued companies are related to computers. Cryptocurrency is a computer technology and it has achieved the same size as the largest companies in the world.
BTC data
Let's look at Bitcoin price history:
https://www.coingecko.com/en/coins/bitcoin
Activities: Logarithmic scale. Bitcoin Halvings. Reproduce some of the data.
Trading View
Sign in with google. add watchlist compare BTC with ETH
Bitcoin
Let us dive directly into the world of cryptocurrency. Let’s go where Bitcoin started.
The idea was first published on a cryptography mailing list.
You can be a real insider! And behold the very place of birth of the famous cryptocurrency.
Let’s go and visit the place where all started>
Task> Visit the Mailing List. Read and discuss the words in the description.
https://www.bitcoin.com/satoshi-archive/emails/cryptography/
Bitcoin introduced, read abstract. Notice key concepts.
https://www.bitcoin.com/satoshi-archive/emails/cryptography/1/
Bitcoin Client released. Read about total circulation, and the transition to transaction fees.
https://www.bitcoin.com/satoshi-archive/emails/cryptography/16/
Blockchain Explorer
Indtroduction. look for some famous transactions. First transaction and metadata.
Look for wallet with lots of BTC and not moving. address security in this way. It is public, everybody knows about it, but nobody has taken the money in 15 years.
First mint transaction with 50 BTC or so… Current block, a mint transaction now…
First transaction Hash
000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f
First transaction between 2 persons> Satoshi to Hal Finney:
Hash ID f4184fc596403b9d638783cf57adfe4c75c605f6356fbc91338530e9831e9e16
First Bitcoin Sold
The latest Block mined
Observe the BTC reward. And Fees.
https://www.blockchain.com/explorer/blocks/btc/864924
Exploring an Address
Look up an address that has been dormant for years, with lots of money in it. to discuss some features, differences from a transaction address, and the fact that nobody has moved the money, even if the fact that it contains millions of dollars is public.
Node Explorer:
Bitnodes.io
Task> Number of reachable nodes on Bitnodes.io
Task> Nodes per country.
https://newhedge.io/terminal/bitcoin/node-map
Hashrate and price
https://newhedge.io/terminal/bitcoin/hashrate-vs-price
How to get Bitcoin: CEX
CEX, credit card, examples. KYC
Top Cryptocurrency Exchanges:
https://coinmarketcap.com/rankings/exchanges/
CMC Liquidity score 0 to 1000
Bitcoin Halving.
Trading View graph.
Task> Logarithmic Graph. Halvings.
Ethereum:
EVM
Smart contracts
Gas fees
https://milkroad.com/ethereum/gas/
https://etherscan.io/gastracker#chart_gasprice
EtherScan
DEX
https://coinmarketcap.com/rankings/exchanges/dex/?type=spot
Examples, explanations on Uniswap V3
Liquidity Pools:
Examples and explanations of features.
Price Impact
Try a swap and see.
Layer II
Polygon.
PolygonScan
Compare features to Etherscan
Wrapped BTC
https://www.kraken.com/learn/what-is-wrapped-bitcoin-wbtc
Wrapped tokens
WEB III
Test Drive
Metamask
Website Integration
Ethereum / Polygon Chains (Explorers Transactions)
Token smart contracts.
Mint transactions.
Mining Pool
GPU
BlackMiners
Swaps
Uniswap liquidity pools
Token Pair Contracts
Price trackers
Buy Sell
Farming
Creating a farm position NFT
Polygon Bridge
Ways to make money with S.T
Trading Simulator Trade tokens for more tokens
Investors Club