Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English.

Happy Friday – and welcome to another episode about the one topic that excites us the most here at cryptohunt: How blockchains can make our world a better place.

Today, we’ll talk about the “2% for Web3” initiative, a project that aims to pump over $20 billion dollars into efforts to combat climate change, poverty, and lack of financial access.

But we need talk about how we got here in the first place. If you look around carefully, you see a lot of pressing issues in the world - we are destroying our planet even faster than predicted, the gap between rich and poor is getting wider, and despite the internet bringing access to information everywhere, some people don't even have basic financial tools like bank accounts, making any progress out of poverty impossible.

But it gets more frustrating: While most of us agree that those are problems, our system fails to bring the change we want. Banks invest your money where it profits them the most, and that happens to include oil, gas, and defense companies. Governments pledge to keep Co2 emissions low and miss targets every year.

Feeling powerless? Not so fast, because for the first time in decades there is hope on the horizon: The immense power of blockchain technology can provide the building blocks to recreate our financial system from scratch - because governments and companies won't. We might be able to turn this ship around after all.

Which brings us back to the “2% for Web3 Impact” pledge: Created by the Celo Foundation, its goal is to bring investors with very deep pockets from all industries together. This is also known as "impact investing" and is already happening. Currently, over 1 trillion dollars are invested with impact in mind - and the plan is to redirect 2% towards impactful Web3 projects, hence the name.

This is really smart if you think about it: Money talks, so just use that money to move mountains. Projects like the “2% for Web3 Impact” pledge are fighting the system with its own weapons, and use the power of technology that governments and companies can’t influence.

We are definitely excited about it and keep our fingers crossed that the initiative exceeds their $20 billion dollar target by far.

And with that, we wish you a happy weekend, and leave you with this one thought: Maybe changing the world is not just possible, but as simple as thinking about where you invest your money.

This podcast is produced by Cryptohunt.it the easiest place to learn crypto. Copywriting is done by Arndt Voges, Social Media is done by Brett Holleman, Design is done by Carmen Rincon and my name is Christian Byza, Co-Founder of Cryptohunt and I am your host of this daily show.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Have you heard the news that Kim Kardashian had to pay a whopping $1.2 million (!) dollar penalty for promoting a crypto token in one of her social posts?

Here’s what happened: Kardashian had been paid $250,000 for a single post about a token called EthereumMax. Not a bad payday if you ask us. But here’s the problem: She didn’t tell anyone that it was a promotional post, and instead suggested that friends told her about it. Easy to see how people could have thought they stumbled into the next big thing, now that Kardashian is talking about it.

But because celebrities have large social media followings, there are strict rules on labeling these kinds of posts for what they are: blatant ads. The SEC, which controls how financial assets are treated in the US didn’t think Kardashian followed those - and the fact that she paid a $1.25 million dollar penalty for a $250,000 post suggests that she was well aware and just wanted this to go away.

This story is as old as the proverbial snake oil and all too common in the crypto world. A made-up crypto currency enlists celebrities to prompte it, unknowing users buy into it, the price goes up, and the scammers dump their holdings for a profit.

So, how do you know what project is legitimate? Use common sense and follow a few simple rules: If it smells rotten, it probably is. Never heard of something and suddenly a busy celebrity magically discovered it? Red flags everywhere.

And even more important: Always do your independent research - once you read up on a token you’ll spot a bad one from a mile away. Think all the resources you can find are dry and technical though? Well - we have great news… You probably saw it coming, but give Cryptohunt a try at www.cryptohunt.it. We’ll brake it down in really easy to understand terms.

Oh, and what about that EthereumMax token she promoted? It was a scam, it had nothing to do with Ethereum, and had no utility. The only thing worth remembering: it has lost over 98% of its value since Kim Kardashian posted about it.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Did you know that you can earn tokens and other rewards, all while just learning about crypto? Well, we are excited to tell you: We have a whole new rewards program on Cryptohunt now!

Maybe you only know us through this podcast, but we actually spend most of our time working on our core product, which you can find at cryptohunt.it. Here, you can learn the building blocks of web3, DeFi and crypto. It’s just like this podcast, in plain English, and at your own speed.

And now we’ve stepped it up a notch by introducing rewards for avid learners. Introduce others to Crytohunt, and we’ll give you rewards - the more you share, the more you get.

Prizes range from exclusive CryptoBlub NFTs, over stickers, T-Shirts, and hoodies, all the way to a Meta Quest 2 VR headset so you can see what that Metaverse is all about. And if you enjoy getting rewarded for learning - we have that covered too. Invite 3 people and you unlock our Learn and Earn courses, where you get crypto when you ace a quiz.

But we are most excited about the Crypto raffle. If you refer 25 people you get a mystery token out of a large bag of all kinds of crypto. This goes all the way up to 1 ETH, which is currently worth almost $1300 and goes to one lucky winner.

Intrigued? We hope you are! Head over to www.cryptohunt.it.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Cryptohunt has its office in the heart of San Francisco in the Celo Community center where we sit next to other startups in an amazing co-working space.

One of those startups is “Spirals”, a team dedicated to offsetting carbon emissions through a process called “green liquid staking”.

You may remember: Staking is the process of locking up your crypto assets in order to validate transactions. People who stake crypto get rewards - similar to interest on a savings account.

Liquid staking is the same process but you do not have to lock up your assets. Instead, you get another token in return, which symbolizes your staking investment. Anyone can always exchange that back - making it as valuable as the original crypto you staked. This is as if you took a loan against your savings account, all while still earning interest.

But what makes it green liquid staking? Our friends from Spirals offer liquid staking but instead of paying you interest, they use that income to do something for the planet. Every dollar your money earns goes into offsetting CO2 by planting trees or supporting other climate initiatives - based on how you vote. We think that’s really awesome and if you do too, check it out at spirals.so.

So: if you have some crypto lying around, think about staking - ideally in a green liquid form so you can save the planet while you are out there enjoying all it has to offer.

And if you are wondering why your bank doesn’t offer this: Because they play with your money for their own benefit, often investing in oil and gas industries without telling you. We say: No more. Green liquid staking is one of those things that clearly show how crypto will empower us to change the world.

Learn more about Spirals: https://www.spirals.so/

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Today, we talk about Rollups. Don’t roll your eyes - this is a very important concept to understand today’s state of blockchains.

Even as a casual listener of this podcast, you’ll have realized by now: Blockchains are not yet ready for prime time. In an ideal world, they would be fast enough, secured against fraud, and not controlled by just a few people or companies. But just like balancing your work, your life, and getting a decent amount of sleep, those three can be competing priorities.

Today’s blockchains achieve some of those tradeoffs, while they struggle with others. Ethereum, for example, has stayed safe and out of the hands of single actors who could have an overly strong influence, but this is at the cost of efficiency. Transactions are still slow and expensive.

Rollups are a practical interim solution to those tradeoffs. Let’s say you are buying a few dozen apples at a farm, but they all come loose. With your own hands, there are only so many you can carry at a time, so things become cumbersome pretty quickly.

But suddenly you have an idea: Why don’t I just get a box and carry them in batches? You find one in the corner, transfer your apples from the pile to the box, carry the box to your car, and take them out.

That’s how rollups work too. They find ways to process transactions more efficiently than today’s big blockchains like Ethereum can. They are secondary blockchains, in nerd-talk also called Layer 2 blockchains, that communicate with Ethereum but get the job done outside of it.

One such example is Optimism. To make things fast, it will process transactions in batches outside of Ethereum. So, why is it faster than Ethereum in the first place? Because it makes some deliberate tradeoffs. Instead of validating all transactions, it just accepts them, assuming they can be trusted. This is why this process is also called “optimistic rollup”. If things are disputed later, it will then make corrections. In essence, it compromises on security for the benefit of speed and cost.

Sounds like we are not quite there yet? You are right about that. But until Ethereum and co solve all trade-offs, rollup blockchains like Optimism are a good alternative.

And If you want to learn more about Ethereum or Optimism you can also head over to the respective project pages on Cryptohunt.it where we give you even more insights and you can leave a review about them. Find direct links in the shownote of this podcast:

https://www.cryptohunt.it/projects/optimism

https://www.cryptohunt.it/projects/ethereum

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Today, let’s talk about something you’ve definitely encountered, but probably never heard of: The Interplanetary File System, or most commonly known as IPFS.

Interplanetary? Sounds exciting right? So let’s dig in and explain that spaceship.

So, by now you’ve heard of NFTs about a million times, and they are a great example of why IPFS exists. Imagine looking at one of them on your computer screen right now: It’s usually just an image.

But that image needs to be stored somewhere. On the traditional internet, it would be uploaded to someone’s website and live there… until… and that is the problem: They delete it.

But remember, the world of blockchains is all about decentralization, meaning you don’t have to trust a single person or computer to do the right thing and remain online to keep your precious NFT available to look at.

You probably saw it coming: IPFS solves this problem. Instead of saving your image in one place only, it saves it in many places at the same time. Just like a blockchain record, copies live on many computers that are connected to form this IPFS network. Now, if someone decides to turn their IPFS computer off or just delete everything, you still have a copy in many other places.

The genius about IPFS is that you don’t have to think about it. The address of that image will always be the same and IPFS makes sure to serve you a copy, regardless of where it is.

And that’s IPFS: Practically every NFT you’ve ever looked at is safely stored there. And the name? We don’t really know, but aliens certainly had nothing to do with it.

And if you are interested in getting your own NFT, head over to www.cryptohunt.it, where we are about to launch a new program and give away NFTs starting next week. Make sure to sign up now to not miss out.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Often, you hear the terms blockchain and protocol used interchangeably - but they are really something different.

Welcome to today’s episode, where we’ll explain what a protocol actually is!

A protocol is the actual program, the computer code, that determines how a blockchain operates at its core.

Think of it like the laws of physics in our real world. We all do vastly different things all day long, but we can’t break those laws.

Or like the rules of a sports game. Baseball has its own set of rules, or protocol, so does Volleyball. These games can only be played within their respective restrictions.

The same goes for blockchains. Bitcoin has its own protocol, so does Ethereum. Not unlike cricket and baseball, they operate similar in many regards, but also very differently in others.

And that is the difference between a blockchain and a protocol! We’ll see you next time! And until then, why don’t you take a free course on Cryptohunt.it. We just released a new one called “How people generate passive income with crypto”.

And remember, This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Today, we talk about something that is important even outside of the crypto space: Liquidity. It is so important, in fact, that every purchase and sale of anything you can think of are affected by it. But before we dive into why that matters for crypto, let's find out what liquidity actually means.

An asset, meaning something that can be bought and sold, is liquid if there are enough of it to trade freely.

Let's take a famous painting to explain this: The Mona Lisa. It is, you guessed it, not very liquid, because there is only the one. Imagine your job is to find out at what price it should be insured. You’ll realize quickly: Giving it a value is really, really hard.

One thing: You could look at price history. But she’s never been sold, so there is no history to take into account. Even hypothetically, someone would have to be willing to actually sell it, and someone to buy it. And still, agreeing on a price is completely arbitrary. So, what is it? One billion dollars, 100 million, 10 million? We will probably never find out.

So, you see, lack of liquidity can lead to price uncertainty. Luckily, the opposite is true with liquid assets. Let's say you walk into your favorite furniture store to buy one of those framed photographs. Millions were made and they sell for $9.99 there, and if you look at eBay, there are hundreds for sale for a similar price, depending on condition. The value fluctuates very little, because there are many. We call that an efficient market.

But Cryptohunt! Get to the point! What does that have to do with crypto? Well, a lot actually. There are a ton of cryptocurrencies, most of them relatively small. Even worse, the majority can't be traded on big exchanges - Coinbase, for example, only has around 150 of the over 10,000 we know about.

All this means: Smaller cryptocurrencies are hard to buy, and even harder to price correctly. And even if you wanted to buy them, there may not be enough sellers, leading to temporary spikes or drops in prices.

Think this is not a big problem? Well, next time you buy something at the peak of those wild ups and downs, you might remember today's topic: Liquidity.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Today we talk about Rebasing, a clever mechanism that makes stablecoins stable. So how does it work?

It’s all about taking advantage of a little, yet powerful psychological trick that drives almost every major economic trend: Creating abundance and scarcity.

But let’s take a step back and think ahead: Thanksgiving will be here soon. Now - imagine sitting down for dinner with your entire family, and the turkey comes out: Juicy, deliciously smelling, and ready to serve. And it’s a big bird – you’ll gladly pass it around the table, because clearly there is food in abundance for everyone. Take a slice more, who cares.

But then the inevitable happens: It turns out everyone’s appetite was large, and at the end of the meal there is only a single slice left. And even after countless slices of turkey, suddenly the thought creeps into your head: I hope I am the lucky one who gets it.

That’s abundance and scarcity at play. And they work the same with assets, such as Gold: There more there is, the less the market values it. The less there is, the more it is worth to people.

Stablecoin that use Rebasing make use of that trick. They target a specific value, for example that each coin is always worth $1, and have the ability to create and destroy some of their own supply. These two processes, which crypto people call minting and burning are controlled by the stablecoins’s code.

When the market price is too high, more coins get created and the price adjusts. When it is too low, coins are burned and the price increases.

Thinking about Thanksgiving again: It’s almost as if someone had the ability to magically make turkey appear on your dinner table. For the destruction of it, we are sure, you can think of more traditional means.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Welcome to the Cryptohunt Jam, where we spend one minute a day to explain crypto. In plain English. My name is Christian Byza, Co-Founder of Cryptohunt.it and I am your host of this daily show.

Ever wondered why there are blockchains like Polygon, that magically work on top of larger ones like Ethereum? Welcome to the world of Sidechains, an important new concept you should know about. Let's break it down together!

Imagine you are going on vacation, and you are asking your best friend to water the plants. You trust her 100% - nothing will happen to your plants when she is in charge.

The problem though is: She lives far away, and needs to take the bus to your house. That's slow, and costs a lot of effort each time.

So she does what any smart friend would do: She asks one of HER best friends, who she also trusts 100%. And that friend happens to live much closer to you and gets the job done. Beautifully, in fact, because when you return, the plants look amazing!

That trusted friend of yours who lives far away is one of the larger, established blockchains like Bitcoin or Ethereum: It works well, but it's incredibly slow to use.

The second friend who lives closer is a Sidechain like Polygon: It is much faster and more modern, and gets the job done. Yet, it communicates with the main blockchain to let it know when the work is done, giving us the best of both worlds: The ability to use those older, bigger chains, while taking advantage of the faster, cheaper, and more modern Sidechain technology.

And now you know what a Sidechain is, and how it complements Ethereum, Bitcoin, and co. In fact, next time someone says that Ethereum is slow and expensive, you can tell them what you’ve just learned: That Sidechains can already solve these problems by working in tandem.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.