Blockchain Cryptocurrencies and Africa Economies

This book aims to demystify the world of blockchain and cryptocurrencies. One of the key elements of the book is relating solutions that come with blockchain to African economies. The book starts by debating the notion that nations can realize success relying on the natural resources they have. After this blockchain is explained as a technology with numerous applications including remittances and cryptocurrencies. The reader is then taken to blockchain in education, this section explains the opportunities blockchain technology might create by disrupting the education systems particularly the ones in Africa. The book goes on to explain how cryptocurrencies can help startups raise funds through ICOs(Initial Coin Offering). The reader is taken through the actual steps of launching an ICO, IDO or IEO. Tips on creating white papers and building solid ICO teams are given. Halfway through the book, the reader is taught the basics of investing in cryptocurrency-related digital assets. This may include NFTs, ICOs, or coins. Since investing in cryptocurrency has brought devious schemes in various forms, the book explains how scammers work and suggests how one can avoid losing money to them. Particular attention was on the ponzi scam and the pump & dump scam in their various forms. There are revolutionary technologies that come with blockchain and cryptocurrencies, capable of changing Africa and the world at large. The major ones are dApps and smart contracts, the book explains them in brief and shows how this would better African systems in politics, land ownership, and supply chain. The book goes on to discuss one of the controversial topics in the world of cryptocurrencies which is day trading. Close to the end, the reader is introduced to the ultimate digital world, the world of NFTs(Non-Fungible Tokens). The book explains the value of an NFT and how it can cultivate back directly to the Artist. To conclude the book, the environmental threats that blockchain exposes us to are put to plain and weighed against the advantages.