Sunday, January 23, 2022

Jackson Palmer Explains: What’s a Cryptocurrency?

Jackson Palmer Explains: What’s a Cryptocurrency?

This video is part of an educational series where “The Dogefather” Jackson Palmer explains the basics of cryptocurrency and its surrounding issues. Interested in getting into Bitcoin, blockchain or other digital tokens? Tired of being confused every time those words appear? Watch these short clips and you’ll have a much better idea of what’s going on.

Episode #1: What’s a Cryptocurrency?

You’ll need to know this before you go any further. What is the “crypto” in cryptocurrency? How does it all work? What are public and private keys?

You’ve probably heard the word “blockchain” before, but what is it? This is what keeps cryptocurrencies secure, and makes them different to any other kind of digital money.

Jackson also explains bitcoin and cryptocurrency mining in terms the average person can understand. It’ll always sound a bit technical at first, but once you’ve got it you’ll understand well.

It doesn’t matter which cryptocurrency you’re interested in, they all share a lot of key features — which Jackson covers here. He touches briefly on the other blockchain projects out there, like Ethereum, Litecoin and a few others. Check out the video, and in less than 15 minutes you’ll know a lot more than you did before…

Who is Jackson Palmer?

Jackson Palmer is well-known in the cryptocurrency world, mainly for creating Dogecoin in 2013. Based on an internet meme featuring a shiba-inu dog, DOGE was intended as a community-oriented money for people who didn’t want to take their blockchain too seriously. Around since 2013, Dogecoin has a cult following and at several points in its history, has had a serious nine-figure market cap.

Jackson’s “regular” job is Group Product Manager, Creative Cloud Entertainment at Adobe. He lives in the San Francisco Bay area.

Did you like this video? Let us know in the comments.


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