Published: April, 2022
In recent years, cryptocurrency—and in particular, Bitcoin—has demonstrated its value, now boasting 14 million Bitcoins in circulation. A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.
The most popular cryptocurrency, Bitcoin, has had volatile price moves this year, reaching nearly $65,000 in April before losing nearly half its value in May. In recent weeks, the price of bitcoin was back in the $45,000 range. On the other hand, you must be wondering, what is blockchain technology and how does it work?
Blockchain sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing. A simple analogy for understanding blockchain technology is a Google Doc. When we create a document and share it with a group of people, the document is distributed instead of copied or transferred.
In this CPE webinar, James Helik and Irene Katzela will walk you through various aspects of Cryptocurrencies and blockchain technology. You will be able to discover how cryptocurrency can be stored and its practical usage in real world. The treatment of digital currencies on the face of the balance sheet will be explained. You will also be able to explore various currencies like Bitcoin, Ethereum and Altcoins.
Cryptocurrency has become a global sensation in recent years, although a lot is still to be understood about this maturing technology. Many questions and concerns are swirling around technology and its capacity to disrupt traditional financial systems. Blockchain is an emerging technology, so predictions are still mixed about its potential.
In this online CPE Webinar course, you will able to gain knowledge about capabilities and limitation of blockchain technology and different aspects to it. Various environmental impacts will be considered for cryptocurrency mining. We will also be discussing the impact and changes that the quantum computing might bring in 5, 10 or 30 years.
Is bitcoin bad for the environment? Unlike most forms of currency issued by single entities (usually central banks), Bitcoin is based on a decentralized network. Its transactions are approved by different miners who simultaneously solve complex equations using specific hardware and plenty of energy. It delivers the promise of lower transaction fees than traditional online payment mechanisms – such as MoneyGram, TransferWise or Western Union – and, unlike government-issued currencies, it is operated by a decentralized authority thanks to the use of blockchain technology.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Chief Technology Officer, The Miner Network
Irene is a technically savvy, seasoned leader with broad-based experience in network architecture, and information technology strategy. Track record guiding global business strategy with established and emerging technologies to achieve maximum operational impacts with minimum resource expenditures. In addition, she has proven expertise in research/development, implementation and adoption of emerging networking technologies.
For the last 6 years she has a keen interest in the Blockchain technology space, especially application of Blockchain technologies in different business verticals. Currently, she is the Chief Technology Officer at the Miner Network.
Dr. Katzela holds a PhD, a Master of Philosophy, and a Master of Science from Columbia University, NYC, New York.
The Miner Network
In these unprecedented times, people are looking for good things to do with their money, and also to do good with their money. This is Miner, a resource-based crypto token that does both by tokenizing the service of mining, while cleaning up the dirtiest business in the world.
To learn more about the Miner Network, https://theminernetwork.org
To learn more about the Miner Token, https://minertoken.io
Apr 14th, 2022