Fierce, forward-thinking and certainly not afraid to take on a challenge. Nyanna Williams boldly leads a brand that bears a strong influence on its industry and a strong connection to her purpose. She’s travelled across geographical and professional borders to find her true calling as Chief Executive Officer of Lifespan Spring Water Co; a business that is globally recognized for its award-winning quality standards and its local contributions to nation-building. The Portland-born powerhouse business influencer has found her niche and is on a mission to pour back into her town and country, the investment and resources she has received. It’s Nayanna Williams on…The Entrepreneurial You.
Cryptocurrency…what is it?
The cryptocurrency industry has grown exponentially over the last decade. More and more people are becoming interested in the mysterious digital currency industry that carries more than fourteen thousand different cryptocurrencies traded publicly, at a value of almost 3 trillion as of November 2021; this is according to market research website coinmarketcap.com.
With all this focused attention being paid to Cryptocurrency, here are some factoids you might find valuable.
A cryptocurrency is a form of payment that can be exchanged online for goods and services. The currencies use blockchain technology that manages and records transactions across computers. “Crypto” refers to the various encryption algorithms and cryptographic techniques that safeguard these transactions.
One of the things that make this market so interesting, is that there is no central authority to issue the currencies, they are theoretically immune to government meddling but are susceptible to taxation in some regions. Perhaps that’s part of the reason cryptocurrency is not supported by all countries, with some like Nigeria, going as far as putting a ban on crypto exchanges.
Now let’s take a closer look at the world’s largest cryptocurrency by market capitalization…Bitcoin. Launched in 2009, by an anonymous creator, Bitcoin has been described as fulfilling the need for an “electronic payment system based on cryptographic proof instead of trust”. Bitcoin transactions are stored on a public ledger containing information secured by blockchain, which should make it difficult to tamper with. This seems to be the biggest pull for investors because, since its public launch, one Bitcoin now sells for more than $62,000. Usd. And for those who may be wondering, yes bitcoin can be converted to cash.
