A practical introduction into block and crypto currency

In a previous article, we wrote about how INEVO helped to arrange first block-side competitionSo let's say that this is the same thing as that.

In this article you will receive an introduction to Blockchain and that we guide you through the block-jead technology options, giving you a game-based example that you can try yourself!

You get an introduction to Captain Black Bill and you will have to create your own block-jet account and perform a practical exercise. Simple and harmless.

It's kind of like testing out the Internet in 1994!

But first, a short introduction to Blockchain.

Blockchain Introduction

See the videos below to understand why Blockchain is important and how Blockchain works.

Watch this video about what some very smart people say about Blockchain before you read on

Understand Blockchain in two minutes

Captain Black Bill’s Lost Diamond

Game Captain Black Bill’s Lost Diamond is an outdoor treasure hunting game inspired by the famous board game “the lost diamond” and the treasure hunting in the South. Tax hunting in the South is one of the most successful market campaigns for the tourism industry in Norway ever. (If the Animal Park were to repeat the success campaign in 2021, Captain Black Bill would have made it simpler, better and more reasonable)

Here are some of the challenges the address team has played:

1. 70% of the world's population is too low active according to WHO recommendation(Source: WHO).
2. Tech Gigants(Facebook, Google, Instagram) earns billions on content other creatorsSo let's say that this is the same thing as that. People who share content that inspires outdoor activities get nothing!
3. Most people don't know what block-jeeze can be used for and few practical examples are used in everyday life.

Captain Blackbill has several roles;

• Customers – A person who finds and robs a treasure
• Producers – A person who creates a tax
• Advertisers – A company sponsoring a producer who has created a tax
• Investor/a shareholder – A person or company who wants to invest in the game and receive dividends.

During the series of articles, we will take a detailed look at these roles and illustrate how the roles interact and function in the new economic model based on block- and cryptocurrency.

This is how Captain Black Bill works

Captain Black Bill’s Lost Diamond is an outdoor treasure hunting game where participants (customers) have to go out into the wild to find taxes that other participants (producers) have put out.

A tax (the product) consists of a secret code written on a stick or stone placed on a physical location. E.g. a nice tent place, a lovely beach or a fun challenge with climbing or diving.

Advertisers may pay the owner (producer) of the tax to advertise or add contributions digitally to the store. Participants who spend taxes (producers) receive the ad crowns when the tax is robbed or conquered. It encourages others to inspire with good pictures and fun outdoor activities.

In one of the treasures lies the lost diamond! When the diameter is found, both the finder and the person who has paid the tax are given the value of the diamond. The diamond moves automatically every week.

Everyone around the world with Internet access can participate. Both as customer, producer, advertiser, investor/accent.

What is blockbed and crypto currency?

The cryptocurrency is money that can be used for purchasing and selling online. Instead of using a bank to ensure that the money is based on the buyer's account and into the seller's account, the transaction is digitally signed and stored in a block-owner.

To understand how block-jeads are revolutionary, you can see how accounting has evolved over thousands of years. And since we started writing, we've kept the accounts. So at first, we wrote figures in a single column. About as if you notice on the refrigerator that the neighbor has borrowed ladder and a hammer. One column works when we have confidence in everyone we trade with, but if the neighbor later does not remember that he borrowed a hammer – and the note you noticed is gone, we see the weaknesses in accounting in one column. It has no control function and is impossible to use whether we are dealing with many unknown parties. Without confidence, a column system is not working!

This was solved in the 1500s when Italian mathematician Luca Pacioli introduced a new column in accounting and we got Decement and creditSo let's say that this is the same thing as that. When the industrial revolution took off in the late 1700s, the new accounting principle for larger groups of investors, more complex ownership structures and a prominent banking and auditing industry, opened up. The new accounting principle was crucial to what the industrial revolution created of new values.

Now, 500 years later, we still use the same accounting principle with Decement and creditSo let's say that this is the same thing as that. Where banks and audit firms provide security and control of all transactions. Think about how easy you can send messages and images by email or social media to anyone with Internet access.

Why can't you do the same thing with money?

The answer is that our 500-year-old accounting principle with two columns is a limit of global value exchange between individuals, as one column system is for value exchange with the neighbour.

In 2008, Satoshi published Nakamoto (who no one knows who is) document describing the invention Bitcoin and BlockedSo let's say that this is the same thing as that. He simply introduced a third column in accounting and we got Decement, credit and digital signatureSo let's say that this is the same thing as that. This will, like the end of the 1700s, open up to even larger groups of investors and even more complex ownership structures.

The cryptocurrency and blockage make it possible to exchange values between individuals worldwide just as easily as we can already exchange messages and images.

Captain Black Bill’s Lost Diamond does this in practice. The game exchange money and values between individuals worldwide as easily as we send messages and images.

Here are some examples of benefits this gives:

1. BlackBill is purchased and sold from outside the world without taking into account the currencies or payment solutions of different countries.
2. Cpt.BlackBill may have unlimited number of individuals as investors from around the world and automated logic for daily dividends payments.
3. Cpt.BlackBill can have a global, complex and dynamic ownership structure with very low costs compared to an ordinary limited liability company.
4. Investors and owners can go out and into Cpt.BlackBill in seconds without the need for a third party controlling and auditing.
5. The code is distributed on hundreds of servers worldwide and cannot be censored, restricted or stopped by third parties, banks or authorities.

This is not possible without the cryptocurrency of a open and decentralised Block-jade. And it illustrates some of the potential, scale and challenges that digital revolution will entail when crypto-based projects are now becoming available on the Internet.

Bitcoin and EOS Block Chains

After Bitcoin went on the air in 2009, thousands of other crypto currencies have come where most of them are only speculating copies. But some are serious alternatives that offer unique and different properties. In this course we're going to make it simple and only relate to the block joints of Bitcoin and EOSSo let's say that this is the same thing as that.

Bitcoin is a cryptocurrency with the abbreviation BTC. Just like Norwegian Krone is a currency with the abbreviation NOK.

Bitcoin is the safest and most conservative blocker. It is built to withstand hacking from the national level and has not changed substantially over the ten years it has been on the air. Large amounts of cryptocurrency should therefore be kept on Bitcoin. But high security requires high energy consumption and Bitcoin can only handle about 5 transactions per second.

We need something faster for our game. EOS is the blocker that can handle most transactions today — about 5,000 per second. Speed is at the expense of security in block-yards, but EOS is well within and is also very well suited to creating smart contracts that control transactions according to the rules we have defined for the game.

Because block owners have unique and different properties, it is common to move money between the different crypto currencies when you get started. For example, you may have a couple hundred kroner in EOS in your Cpt.BlackBill account, but you will transfer to Bitcoin if you get bigger revenues and want a safer storage.

Web Page blockivity.info is an important overview you need to know about. Here you can see the most commonly used block-owners on a world-wide basis, sorted by how many transactions they have executed in the last day.

Now let's do a practical exercise and give you your first block-jede account on EOS. It is free and requires only one email address.

NB! Remember, block-jeads are open, public and everyone is transparent. Therefore, use an anonymous account name if you do not want to be visible with your own name.

You can have as many accounts as you want. I have e.g. account name cptsambelamy On Cpt.BlackBill. Then I have created an account with my real name country of transit, which I refer to if anyone should simply send me money. Plus, I have a couple of anonymous account names I use if I want to test out other projects on the EOS block site.

1. Go To cptblackbill.com
2. Click Sign in or join the crew
3. Please enter your email address and wait until you receive a confirmation email back.
4. Click on the link in the email and create your own account name, 12 characters.

Congratulations! If everything went well, you now have your own account on the EOS blockyard and you can receive money in the form of the EOS crypto currency from others with the EOS account. In the second, from around the world and as simple as with VIPPS.

Now Go to the Web Page bloks.io and search for your account name.

Bloks.io we call a block-jeller and are a visual representation of the data that is on the block-jeller. There are many different block-jet explorers. For example, if you want to, you can: also sample eosflave.io and www.eosx.io

What have we learned? The digital revolution requires block-jet.

The crypto currency is the money used for purchasing and selling online. The crypto currency is used globally and stores transactions in a blockie rather than a bank.

Our existing accounting method is 500 years old and cannot be used for the efficient exchange of values between individuals worldwide.

In a historical perspective, we have seen how revolutionary the invention Bitcoin is and why block-jead is a crucial part of the digital revolution.

We have been given an illustration of the benefits of crypto projects for payments and can easily have larger investor groups and complex ownership structures globally.

We've got a short introduction to the Bitcoin and EOS block ranges. And what properties they separate.

And we've created a block-jede account and we know a little bit about how we can see information stored on the block-jeet EOS.

For Next Time

You will never understand block-owned and cryptocurrency without spending some time. It's like learning a new language. You have to do some exercises and practice it regularly.

I therefore recommend that you try to conquer an entry on Cpt.BlackBill’s Lost Diamond. It's free to conquer five taxes every day.

When you conquer an item, you get 100 points and the one that left the item gets 10 points. The three highest-score participants are awarded the premium each month. All this is stored and controlled by a smart contract on the EOS block chain, which is spread beyond hundreds of computers worldwide.

When you get home, go on https://bloks.io/account/cptblackbill

The link will take you to a website where you will get a visual overview of the blockyard and all transactions related to Cpt.BlackBill. See if you find your conquest stored as a transaction.

An early version of this article was published by Bjørn Omsland on Medium.