Blockchain Institute to Hold a Cryptocurrency Meet in Jos

The Blockchain Institute and the Northern Blockchain Academy is set to hold the Jos Crypto Meet. The meet will focus on finance, technology and the Nigerian youth.

According to publicity materials made available to CRESTHUB, the event is slated to hold on the 27th June, 2021 by 3:00PM at nHub Jos.

Speaking at the event, will be a Crypto Expert, Kristen Haruna, Sunday Ishaya, a Software Developer and Sonia Atsen, also a Software Developer at Wix.

WHAT IS BLOCKCHAIN TECHNOLOGY AND CRYPTOCURRENCY?

Blockchain is a decentralized database that stores information in a block-like manner, making it difficult to hack information. This technology enables the existence of cryptocurrency which is a digital medium of exchange that uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

Cryptocurrency works like our traditional currencies, only that they are digital and many of them are not regulated by the government.

In 2009, Satoshi Nakamoto created and launched Bitcoin which ushered in a new age of blockchain technology believed to be the oldest and most valued cryptocurrency amongst many others.
This is a development that has come to stay, and many nations of the world have realized and accepted it.

Cryptocurrency has made many rich, yet, ruined the lives of many, majorly due to their lack of knowledge of what blockchain technology and cryptocurrency is all about. However, Nigerian youths seem to be making great strides at it, despite the problems they are faced with everyday, like the crypto ban by government.

Speaking during a press briefing on 11th June, 2021, Rakiyat Mohammed, a Central Bank Director in charge of the Information Technology Departmentthe revealed that, “Before the end of the year, the Central Bank will be making a special announcement and possibly launching a pilot scheme in order to be able to provide this kind of currency to its populace” This is a welcoming news for Nigerian crypto enthusiasts who are hopeful that the ban will be lifted and progress made.