Date: 2024-05-18 Page is: DBtxt003.php txt00025989
CRYPTO
Yuri Cataldo explains
An explanation of 'Crypto' from CAW
Yuri Cataldo explains
An explanation of 'Crypto' from CAW
Original article: https://cawnetworkusa.com/insight/cryptocurrency-for-accountants-part-1-bitcoin-blockchain-nfts-daos/
Peter Burgess COMMENTARY
I was disappointed. I am not sure whether I was having a tech malfunction, but I had difficulty hearing the commentary. From what I was able to hear, there was it seemed rather little that was what one might call 'professional class'. I stepped away from the Wall Street Blockchain Alliance (WSBA) several years back because I was uncomfortable with the direction it was heading ... with so much of the crypto space more suited to Las Vegas than anything else!
Peter Burgess
Cryptocurrency for accountants Part 1: Bitcoin, Blockchain, NFTs, DAOs
Written by DAVEN ROBERTS
On September 16th, 2023 CAW Network USA hosted the first of 3 sessions on Cryptocurrency for accountants. Yuri Cataldo, an award-winning entrepreneur, keynote speaker, best-selling author, and emerging tech strategist who combines the mindsets of an artist and a technologist, shared his expertise with the audience in a stellar beginning presentation.
Yuri was named one of the 40 under 40 business leaders in Indiana, and he is a classically trained set/costume designer (Juilliard/Yale/IU) turned entrepreneur with credits on Broadway, Dance, Film, and Opera. He is the founder of IndigoH2O, the only multiple award-winning bottled alkaline water in the world. Yuri is the co-author of the internationally best selling book about Bitcoin/ Blockchain: Be Left Behind – Discover Bitcoin and Cryptocurrency Before Your Grandmother beats you to it, and he draws on information from his book for this series of presentations.
Below are highlights from the event:
1
Yuri begins his presentation with the basics- explaining what cryptocurrency is. He does this by relating them to our common knowledge of the currencies that we use everyday. This is also an introduction to the basic terminology of cryptocurrency.
2
To continue, Yuri dives into the three ways the cryptocurrency coins can be used. A key point that he emphasizes is the immediate global nature of cryptocurrency, as its uses expand into our day to day lives.
3
Cryptocurrency has taken off in recent years, as we all know, but not too many of us understand exactly why it did. Yuri explains why Bitcoin was interesting in its emergence as the first decentralized, reliable, fast, and convenient way for two strangers to send money worldwide in seconds.
4
The concept of private and public blockchains comes under the microscope in this portion of the webinar. Yuri drives home that every blockchain creates its cryptocurrency but introduces the idea that not all are public, and what that means.
5
Companies and projects in the cryptocurrency space that are run anonymously are called Decentralized Autonomous Organizations. Yuri gives a general understanding of DAOs, using Bitcoin as the prime example, and the vast scope of alternative currencies.
6
To conclude his presentation, Yuri touches on NFTs, what they are and what they can encompass. In general, there are five main types of NFTs which he highlights.
The full webinar of part one of this series can be found here: https://cawnetworkusa.com/webinar/cryptocurrency-for-accountants-