Blockchain Web 3.0
So, you've heard the terms "Blockchain" "Crypto" "Web 3.0" and you're not sure what they all mean. As a technology focussed company, we here at DTTS have researched aspects of many Blockchain products and can translate Blockchains into game changing innovation for our clients.
Disclaimer
DTTS is a technology company only and nothing here constitutes financial advice. We can only give advice on the technical mechanics of these new ecosystems but we would be able to work with your own financial advisors.
Ripple and XRP
Ripple the company uses the XRP Ledger to remove the cost and friction of cross border payments. Send funds almost anywhere in the world in seconds and for pennies.
Ethereum
Ethereum, currently the 2nd biggest Cryptocurrency by market cap. A full blown ecosystem of decentralised Exchanges, Nft market places and lots of real world use cases.
Cardano ADA
Cardano or ADA as the token itself is called is the next generation of everything that the ethereum ecosystem has but faster and with cheaper transactions. not one to be missed.
Bitcoin
The Original Crypto Currency has a proven track record of staying the course. Technology wise its a dinosaur but that doesn't stop people and institutions using it. El Salvador was the first country to adopt Bitcoin as a Legal Currency in June 2021.
Hardware Wallet
The saying goes, not your keys, not your coins. This is how blockchains operate. Wallets are created using 12 or 24 character "seed phrases" and you must always keep these safe. You can have mobile wallets, online "hot" wallets, and you can use offline storage by choosing a Hardware Wallet such as the Ledger Nano X pictured above. Always buy your hardware wallets direct from the manufacturers own site to stop anyone getting the seed phrase then selling it on leaving you compromised.
Seed Phrases
It's best practice never to keep your wallet seed phrases online as if your online storage gets compromised then with access to your seed phrase the scammer\hacker will be able to drain your wallets. You're supposed to write your seed phrases down and keep them safe but Ledger came out with this Billfodl wallet that you can store your seed phrase in this almost indestructible steel case that you put your own words in from pop out tiles.
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