Wryze Blockchain Solutions Ltd, a Ghana-based blockchain company is billed to hold its second blockchain masterclass in Accra, Johannesburg, Nairobi, Conakry and Cairo. The major currencies include Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and others.
A blockchain is a digitized, decentralized, public ledger of all cryptocurrency, transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order. It allows market participants to keep track of digital currency transactions without central recordkeeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Speaking on the objectives of the masterclass, a Senior Consultant at Wryze Blockchain Solutions Ltd, Kwabena Okyir eAppianing said: “The masterclass is meant for those who have never heard of Blockchain/Bitcoin/Cryptocurrencies or heard about it, tried it and still find it hard to understand. Our platform at the very least offers understanding of how they work and why it has the potential to be money/gold 2.0.”
He added that the next masterclass, to be held January 27 at Mobile Web Ghana in Accra, will discuss ways to start a career in blockchain, and an overview of major cryptocurrencies.
The Senior Consultant continued that the blockchain classes lined-up for Johannesburg, Nairobi, Conakry and Cairo will happen before 2018 ends.
The masterclass will answer the following questions:
- What is Bitcoin?
- How does it work?
- Why is it interesting?
- What is the blockchain?
- What are the major cryptocurrencies and how are they different?
- Why is there Bitcoin and Bitcoin Cash?
- How is Bitcoin going to scale to 7 billion people?
- What are new features coming out and why are they important?
- What are decentralized applications?
- How can I leverage on ICOs to raise funding for my business?
The blockchain, conceived in 2008, was the final piece needed to make a digital decentralized currency workable. Bitcoin was the first functional decentralized digital currency and the most widely known blockchain technology today. Bitcoin has since garnered publicity for itsmeteoric rise in valuation and its potential to redefine money.
The first edition held last year saw participants excited about the knowledge of blockchain and more importantly on how they can invest in cryptocurrencies to make more money.