{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Getting+started%3A+what+are+the+basic+building+blocks+of+cryptocurrency%3F&text=If+you%27ve+just+started+looking+into+the+wild+world+of+cryptocurrency%2C+odds+are+you+don%27t+really+know+what%27s+going+on.+Here+we+unpack+a+few+of+the+fundamental+building+blocks+making+up+the+technology-driven+economic+eco-system+and+help+clear+some+of+the+confusion.+&text=If+you%E2%80%99re+thinking+about+getting+into+cryptocurrency%2C+have+recently+invested%2C+or+if+it+was+a+while+ago+and+you+have+an+excellent+memory%2C+you+might+remember+the+feeling+of+overwhelming+confusion%2C+puzzlement%2C+and+bewilderment+that+came.+A+thought+along+the+lines+that+%27%3Cem%3Ecrypto%3C%2Fem%3E+certainly+plays+into+the+%3Cem%3Ecryptic%3C%2Fem%3E+nature+of+digital+finance%3Cem%3E%27%3C%2Fem%3E+might+have+crossed+your+mind.+If+it+did%2C+and+your+thoughts+clouded+and+brow+furrowed+when+trying+to+grapple+with+the+melting+pot+of+technology%2C+finance+and+lack+of+understanding%2C+you%E2%80%99re+not+alone.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThe+dive+into+the+dark+deep+end+of+%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fpl%2Fbitcoin-era%2F%22%3EBitcoin%3C%2Fa%3E%2C+blockchain%2C+and+banking+ungoverned+could+feel+fairly+overwhelming+if+one+doesn%E2%80%99t+have+the+right+lifejacket+to+help+with+the+plunge.+Or+worse%2C+the+wrong+lifejacket+in+the+form+of+%E2%80%9Csupport%E2%80%9D+from+people+who+like+to+think+they+understand+when+they+haven%E2%80%99t+a+clue+what+the+difference+is+between+a+crypto+hard-fork+and+the+cutlery+on+the+dining+table.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AOnline+resources+are+certainly+helpful%2C+but+if+you+don%E2%80%99t+have+an+iota+of+knowledge+of+the+basics%2C+trying+to+get+to+grips+with+the+technologically+driven+terms%2C+Layman+might+as+well+pack+his+bag+and+go+home+leaving+his+paper+wallet+behind.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABut+if+Layman+had+packed+his+bags%2C+we+wouldn%27t+have+the+complex+marriage+of+innovative+excitement+that+comes+with+cryptocurrency.+%28Or+perhaps+I%27m+thinking+of+Satoshi+Nakamoto%2C+but+since+we+don%27t+know+the+name+of+Bitcoin%27s+creator%2C+we+could+conjecture+that+he+goes+by+Layman+and+be+on-the-money+accurate.%29+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ASatoshi+Nakamoto+and+his+enigmatic+presence+brought+us+Bitcoin+and+led+us+down+the+rabbit+hole+of+cryptocurrency.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIt%E2%80%99s+adoption%2C+it%E2%80%99s+what+is+going+on+in+the+market%2C+it%E2%80%99s+technology%2C+politics%2C+and+finance+all+wrapped+up+in+a+complicated+bundle+of+innovation+which+we+can+choose+to+pursue+or+forgo.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIf+we+take+the+price+of+Bitcoin+as+an+example+-+it+has+risen+and+fallen+more+times+than+a+five-year-old+learning+to+ride+a+bicycle+but+in+the+up-downs%2C+the+one+thing+that+has+been+constantly+increasing+is+the+interest+people+have+in+it.+And+this+constant+must+be+for+a+reason.+The+concept+of+decentralized+money+-+a+currency+without+governments+and+tax+and+hidden+fees+-+has+sparked+an+interest+that+has+grown+into+a+roaring+industry.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIf+we+look+at+the+statistics%2C+cryptocurrency+has+received+more+attention+in+the+last+year+than+Oprah+Winfrey.+Initial+coin+offerings+-+a+way+in+which+cryptocurrency+startups+can+raise+funds+similar+to+that+of+public+offerings+-+have+raked+in+a+whopping+%245.6+billion+USD.+This+is+billions+invested+in+projects+which+are+based+on+an+idea+which+isn%27t+even+a+decade+old.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ANot+only+is+there+interest%2C+there%27s+optimism+too.+Google+Trends+shows+that+asking+%22%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fpl%2Fco-to-jest-bitcoin%2F%22%3Ewhat+is+Bitcoin%3C%2Fa%3E%22+is+far+more+researched%C2%A0across+the+globe+than+the+question+%22%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fpl%2Fczy-bitcoin-zawiedzie%2F%22%3Ewill+Bitcoin+fail%3C%2Fa%3E%22.%0A%0A%3Cscript+type%3D%22text%2Fjavascript%22+src%3D%22https%3A%2F%2Fssl.gstatic.com%2Ftrends_nrtr%2F1386_RC02%2Fembed_loader.js%22%3E%3C%2Fscript%3E+%3Cscript+type%3D%22text%2Fjavascript%22%3E+trends.embed.renderExploreWidget%28%22TIMESERIES%22%2C+%7B%22comparisonItem%22%3A%5B%7B%22keyword%22%3A%22What+is+Bitcoin%22%2C%22geo%22%3A%22%22%2C%22time%22%3A%22today+12-m%22%7D%2C%7B%22keyword%22%3A%22Will+Bitcoin+fail%22%2C%22geo%22%3A%22%22%2C%22time%22%3A%22today+12-m%22%7D%5D%2C%22category%22%3A0%2C%22property%22%3A%22%22%7D%2C+%7B%22exploreQuery%22%3A%22q%3DWhat%2520is%2520Bitcoin%2CWill%2520Bitcoin%2520fail%26%23038%3Bdate%3Dtoday+12-m%2Ctoday+12-m%22%2C%22guestPath%22%3A%22https%3A%2F%2Ftrends.google.com%3A443%2Ftrends%2Fembed%2F%22%7D%29%3B+%3C%2Fscript%3E%0A%0AInterest+has+been+piqued%2C+and+bank+accounts+aren%27t+the+only+thing+to+prove+it.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AWhether+it%27s+a+bubble+-+as+many+have+called+it+-+a+gamble+or+a+downright+scam%2C+it%27s+here+now+and+it%27s+a+hot+topic+and+for+that+reason+alone%2C+it+might+be+worth+knowing+a+bit+about+the+innovation+that+is+developing+into+more+than+just+a+ripple+in+the+pond%2C+but+a+new+wave+of+potential.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ASo+what+do+you+do+if+you%27re+brand-new+interested+and+know+nothing+about+it%3F+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AFrom+experience%2C+anyone+in+anything+new+can+tell+you+that+it%27s+like+building+with+blocks%3B+it%27s+a+process.+You+learn+one+thing%2C+with+the+headaches+and+the+victories+and+then+you+learn+more.+There+are+so+many+facets+in+cryptocurrency+that+outlining+them+on+one+piece+of+white+paper+would+be+impossible.+But+with+each+new+aspect%2C+comes+new+opportunity.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AOpportunities+such+as+stumbling+across+more+than+two+people%27s+%22%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fcoindaddy-cryptocurrency-rapper%2F%22%3Enew+favorite+rap+artist%3C%2Fa%3E%22%2C+or+gaping+at+the+ludicrous+amounts+of+money+which+are%3Ca+href%3D%22https%3A%2F%2Fdev.coininsider.com%2Fabstract-artist-hides-secret-code-to-bitcoin-in-cryptic-art%2F%22%3E+sitting+unsolved+in+an+artistic+cryptocurrency+inspired+puzzle%3C%2Fa%3E.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AWe%27ll+take+you+through+what+we+think+are+the+three+most+important+basic+foundations+of+cryptocurrency.%0A%3Ch3%3EBuilding+Block+Number+One+-+Money+Talks%3A%3C%2Fh3%3E%0ACryptocurrency+is+money+focused.+It%27s+about+finance+and+it%27s+in+the+very+title.+Cryptocurrency+has+been+referred+to+as+the+next+step+in+the+evolution+of+money+and+luckily+you+don%27t+need+to+be+Warren+Buffet+to+understand+that.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AIn+the+modern+world%2C+there+are+no+currencies+-+whether+digital+or+national+-+which+hold+any+true+inherent+value.+The+value+is+controlled+by+how+readily+a+trader+will+accept+the+currency+as+tender+to+transact.+Bitcoin+and+most+cryptocurrencies+fulfill+the+properties+needed+to+operate+as+money%2C+but+with+the+added+benefit+that+it+does+this+better+than+most+traditional+currencies.+Supported+by+the+fact+that+it+relies+on+mathematical+proof+as+its+foundation%2C+cryptocurrency+on+Blockchain+technology+offers+the+outstanding+feature+that+it+is+tender+without+the+headache+of+banking.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AWhich+leads+us+to...%0A%3Ch3%3EBuilding+Block+Number+Two+-+Technology+Matters%3A%3C%2Fh3%3E%0ACryptocurrency+works+off+the+breakthrough+technology+that+is+blockchain.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABlocked+brain%3F+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ANo.+Blockchain.+It%27s+a+database+existing+on+many+computers+shared+between+many+users+at+the+same+time.+As+new+sets+of+records%2C+or+%E2%80%98blocks%E2%80%99%2C+are+added+to+the+database%2C+it+grows.+Every+new+block+links+to+the+previous+block%2C+forming+a+chain.+When+talking+about+cryptocurrency+being+%22decentralized%22+it+means+that+the+database+is+not+controlled+by+a+singular+body%2C+central+bank+or+government.+Instead+of+one+entity+managing+the+chain%2C+everyone+involved+in+the+network+gets+a+copy+of+the+entire+database.+Each+new+block+is+added+to+the+ledger+through+an+irreversible+process+and+is+built+on+top+of+old+blocks%2C+which+are+preserved+forever.+This+makes+the+chain+impossible+to+manipulate+and+fake+documents%2C+false+transactions+and+other+concocted+information+stand+no+chance+of+infiltrating+the+blocks.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABut+if+everyone+has+a+copy%2C+then+does+everyone+have+access+to+my+funds%3F+Good+question%21+And+thankfully+not.+All+blocks+are+encrypted+in+a+unique+computerized+pattern%2C+so+even+though+everyone+has+access+to+all+the+%22information%22%2C+it+is+so+complex+that+it+would+be+impossible+to+try+and+decode+the+database.+Instead%2C+every+user+who+adds+a+new+record+to+a+particular+chain+owns+their+own+unique+cryptographic+key.+If+the+key+remains+private+to+you%2C+no+one+else+has+the+opportunity+to+manipulate+any+of+your+transactions.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThis+leaves+us+with+a+process+which+is+independent+%28decentralized%29+transparent+%28everyone+has+access+to+the+records%29%2C+and+secure+%28only+you+have+access+to+your+funds%29.+The+advantages+of+this+are+blatant.+It+is+has+a+reduced+risk%2C+secure+data+reliability+and+hidden+transactions+are+as+clear+as+day.+It+sounds+like+an+idea+which+everyone+should+jump+aboard.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ABut+not+all+parties+agree%2C+and+so+we+find+the+issues+of...%0A%3Ch3%3EBuilding+Block+Number+Three+-+Politics%3A%3C%2Fh3%3E%0AApart+from+the+prices+of+cryptocurrency%2C+this+is+one+of+the+most+volatile+aspects+of+digital+currencies.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0ANationals+either+love+it+or+hate+it+or+can%27t+decide+which+on+side+of+the+fence+they+want+to+sit.+News+about+governments+of+countries+adopting+cryptocurrency+into+law+or+banning+it+from+legal+use+is+common.+It%27s+a+new+idea+and+the+uses+-+or+abuses+-+are+still+unclear+so+it+only+makes+sense+that+authorities+aren%27t+quite+ready+to+accept+everything+blockchain.+It+makes+even+more+sense+that+banks+would+be+unhappy+about+the+notion+of+legal+decentralized+money.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AThis+is+a+part+of+cryptocurrency+which+is+constantly+changing+no+matter+where+you+are.+When+cryptocurrency+prices+begin+to+stabilize%2C+we+might+see+this+aspect+follow+suit.+For+now%2C+however%2C+we+can+only+hazard+a+guess+to+how+national+governments+might+act.+%3Cstrong%3E%28BIG%29%3C%2Fstrong%3E%0A%0AOne+thing+we+can+be+sure+of%2C+though+is+that...%0A%3Ch3%3EBuilding+Block+Number+Four+-+Your+Choice%3C%2Fh3%3E%0A...is+entirely+up+to+you.","timeout":15}