As a specialist in blockchain layer one and wallet security, I teach how to navigate the hardware components of these new technologies. I explain and teach the value of self-custody and how to build your own wallet to store your digital assets.
You may be wondering, what is self-custody? Simply put, it means taking control of your own funds and removing them from the control of centralized entities that may mishandle or even take your money. With blockchain technology, you can be your own bank, and I’m here to show how to do just that.
Participating in these new environments not only helps you take control of your own finances, but it also creates opportunities for a better tomorrow. By decentralizing financial transactions, blockchain promotes greater transparency, reduces the risk of fraud and corruption, and enables financial empowerments for all. Another exciting use case for blockchain is for peer-to-peer value sharing where you can transfer value directly to another person without the need for a middleman, like a bank or payment processor. This means that you can send money to anyone in the world instantly and with very low fees.
Yet what about hacks, fraud, and other security breaches that put assets at risk? It is a smart question to always ask when it comes to the adoption of new technology. The answer is self-custody or the taking control of our own assets. But self-custody isn't just about security. It's also about leveling the playing field in our economic environment. Traditional financial institutions have a history of excluding certain groups, such as those in developing countries or those with poor credit scores, from accessing financial services. By using self-custody technologies, such as blockchain and cryptocurrency, we can create a more inclusive financial system that is accessible to anyone with an internet connection.
So, how do we get started with self-custody? One way is to build our own wallets. A wallet is a digital tool that allows us to hold, manage, and send our digital assets. By building our own wallets, individuals can ensure that they are the only ones with access to their assets and that they are stored securely. Another way to participate in self-custody is by using cryptocurrency to share value directly with others, without the need for intermediaries such as banks or payment processors. This can help to reduce transaction fees and increase financial autonomy. To give you an example, imagine you have a friend in another country who needs financial assistance. With cryptocurrency, you can send them funds directly and instantly, without having to go through a bank or money transfer service. This not only saves time and money, but it also gives you more control over your finances.
But it's not just limited to wallets and value sharing. Blockchain technology is being used in many other fields as well, such as supply chain management, voting systems, and even social media platforms.
During Tech Alley Vegas, we’ll dive into the basics of blockchain, talk about the importance of self-custody and security, and walk through the process of building your own decentralized wallet and how to keep it safe and secure. Plus, you'll have the opportunity to ask questions and get hands-on help. It's a fun and exciting opportunity to learn about a technology that has the potential to change the world.