Your friends who invested in Bitcoin, earlier have probably been making fun of you, and you’re really regretting not buying earlier. You also may not really understand what Bitcoin is all about, so this article explains the basic things to know about bitcoin.
1. What is bitcoin?
Bitcoin is a digital coin that has value. It is decentralised, so it is not controlled by any central entity such as government or a central authority. This means transactions with Bitcoin take place between one Bitcoin owner and another Bitcoin owner. Bitcoin is one of many digital money systems today and can be called a cryptocurrency. It is often referred to as BTC. Bitcoin was invented in 2009 by a programmer who called himself Satoshi Nakamoto.
2. How does Bitcoin work?
Bitcoin comes into the world through a process called mining. It’s an analogy to gold mining, but instead of actual mining, new Bitcoins are created using computer power. Bitcoin can be likened to a computer program that gives users a wallet to store value. This wallet enables users to send and receive money within the bitcoin network. A bitcoin wallet is like a bank account with its own specific number. You can create as many bitcoin wallets as you want.
3. How does bitcoin keep track of all transactions?
To keep track of all transactions, Bitcoin uses a tool called a Blockchain. A Blockchain is a ledger that contains details of all transactions on the Bitcoin network. For every transaction, the ledger stores important information. The transactions cannot be forged due to a digital signature that authenticates the transaction.
4. How is the price of Bitcoin determined?
The value of Bitcoin is determined based on supply and demand and its perceived value. At the time of this writing, the value of a Bitcoin is $17,438. You don’t need a whole Bitcoin, Bitcoins can be broken down into smaller units. The smallest unit is called a Satoshi, after the anonymous founder of Bitcoin.
5. Where can you buy/sell Bitcoin
You can buy or sell your Bitcoin on any Bitcoin exchange. To do so, you have to register, verify yourself as a real person and post a trade. After verification, you then commence trading.
6. What can you use Bitcoin for?
Bitcoin is a cheaper and better alternative to traditional money. You can pay for goods and services online using Bitcoin. It is a lot cheaper and you don’t have to worry about foreign exchange fees and security of your personal information. You can also invest your money in bitcoin and trade. It’s a great investment opportunity because the value of bitcoin increases as the market fluctuates.
Things To Do Before Expanding Your Business Into A New Market
Things To Do Before Expanding Your Business Into A New Market
If you’re looking to expand your business, you will likely understand how stressful and daunting it can be. You might be tempted to dive right in when you’ve identified opportunities in a new state, country or industry. However, it’s important to do your due diligence so you can ensure your product or service will be well-received in this new market. To make the process easier, we share some of the steps you should take before expanding into your new target market.
Start building connections in the market
Build a network to gather industry information, increase brand awareness, and generate a buzz. Dedicate time in the new market to meeting new people, join relevant organizations, attend their events, and gather info about competitors and client opportunities. By leveraging your current network, the news will spread quickly and you will be able to get in the door much more quickly.
Know your unique value
Be sure to understand the unique value your product or service will bring to the market. This will help drive strategic decision-making and enable effective tactical execution.
Be grounded in your main market
It is very important for you to be grounded in your main market before you expand to a new market. You must have made substantial sales and people know about your product or services before you start thinking of expanding. Jumia started in Nigeria before it expanded to other African countries. The eCommerce platform did not simply expand for the sake of doing so. It conquered the Nigerian market by offering a service that Nigerians want which is the convenience of buying in the comfort of their homes. Now, Jumia is the eCommerce leader not only in Nigeria but also in Africa offering services across different verticals.
Understand the local competition
Before expanding into a new market, it is imperative to thoroughly understand the competitive landscape. There are a lot of factors that will determine how receptive customers will be to your product or service, and a key one is how you position it relative to competitive offerings. Understanding your competition allows you to frame your product or service in the most commercially viable way.
Get the right team in place
Expanding into a new market is extremely challenging. A great way to increase your chances of success is by hiring an extremely experienced manager who has deeply rooted relationships and understands the demographics of the market. If possible, find a candidate who comes from a similar industry as well.
Do a soft launch first
It is important you test the market before any brand or product launch. By doing so, and by testing launches with soft and then hard launches, you have an opportunity to build momentum, which then makes a splash.
How to Support Female Entrepreneurs in Nigeria
How to Support Female Entrepreneurs in Nigeria
Women entrepreneurs are actually becoming more successful and ambitious in today’s business world. However, there are still a whole lot of efforts that still need to be invested in boosting and accelerating female entrepreneurship especially in an emerging nation like Nigeria. In line with this, we discuss ways to boost female entrepreneurship in Nigeria.
Better access to capital
There’s still much inequality in terms of providing women with loans and other financing that they need to start and grow businesses. When it comes to finance women face particular hurdles, from a lack of collateral to discriminatory regulations and gender bias. Small loans can make a big difference. When it comes to loans, Jumia does not discriminate. Everyone – whether male or female – has access to the Jumia loan as long as they meet the requirement. In fact, through this loan, Jumia has empowered thousands of female vendors on its platform.
Increased networking and collaboration
Much more needs to be done to help women realise that the change begins with them. Collaborating with other women, being part of networks and communicating more with others is vital to helping women gain the confidence to start their own businesses. In Nigeria, networking and non-profit organisations like Women in Business (WinBiz) and Women in Management and Business and Public Service (WIMBIZ) among others are playing a strategic role in supporting and boosting female entrepreneurs. Women should not hesitate to join these organisations.
Entrepreneurship has to feel accessible to women. More training and education programmes geared towards women could help build confidence and reduce the fears that starting a business is a high-risk endeavour.
New mentorship opportunities
Providing role models and guidance to women to show the economic, social and lifestyle benefits of business ownership could greatly enhance female entrepreneurship. Financial support, while crucial, is only one part of the equation. Having access to the advice and guidance of business mentors is invaluable for those women who are just starting out.
Common Tech Mistakes That Are Limiting Your Business Potentials
Common Tech Mistakes That Are Limiting Your Business Potentials
Your business has big plans for now and the future. You are betting big on technology to take your business to the next level. Unknown to you, it is this same technology that is hindering and preventing your business from attaining its full potential. The interesting thing here is that some of the most common tech mistakes that businesses make are also the easiest to fix. Here are some tech mistakes that are hindering the growth of your business.
You think you’re smarter than robots
More businesses every day are jumping on the artificial intelligence bandwagon, and for good reason. AI can help optimize business operations, sift through huge amounts of customer data, and capture information that can help you make better decisions. The robotic takeover of the manual, repetitive tasks of businesses is inevitable. You can use this development to your advantage, or you can attempt to fight off the robot revolution.
A business like Jumia, Nigeria’s no 1 shopping destination is already taking advantage of the benefits of AI with its chatbot tagged Jumia Bot. The Jumia Bot is the pocket assistant that helps you order food when you are hungry, book a flight or hotel when you want to travel and also assist with your shopping.
Weak login password(s)
In this era of online security consciousness and hackers looking for ways to steal information, using weak passwords for your login can put your business in great risk especially if you have customer information on your database. There’s no excuse for not having a more secure login process. You can use two-factor authentication which requires you to use a password to log in as usual, but goes one step further and forces you to confirm the login via a text message or phone call.
Not recognizing that technology evolves
Technology is highly dynamic. This means that training within a company must continually evolve. If you don’t focus on keeping up, your business will be left behind. The only way to stay on the cutting edge of technological evolution is to routinely stay updated. Give yourself and your staff as much training as possible, not only on new technologies but on systems currently in use as well. When you accept that you and your business will be lifelong tech learners, you’ll stay one step ahead of the pack.
No reliable backup
You should never assume that your backup system is working properly. At least, once each month you should back up a test directory, erase it, and then do a test restore. This will ensure that your backup device is working, but you also need to make sure that the proper data is being backed up.
Buying cheap tech equipment
I.T. will cost you a lot of money. In fact, depending on the industry you’re in, tech could be your biggest investment. Cheap, outdated and otherwise unsuitable tech arrangements can cripple your business and cost business owners way more in time, trouble and overall inefficiency. Instead of looking for the least expensive solution, determine what you’re going to need, and then look for the best deals on quality hardware and software.
Body Transformation Photos Of This Young Man Will Show You Nothing Is Impossible [Photos]
Story of a Nigerian Burn Survivor Who Lost Her Father At 18, Mother At 19, Lost Her Son At 30 & Her Daughter At 33
Below is the touching story of a Nigerian Burn survivor. She’s really gone through a lot.
I lost My father at 18, My mother at 19, lost My son at 30, Then My Daughter at 33 and also lost My looks. And Hey!! Life goes on, it’s not the end of it. Yes i was burnt by My baby Daddy, he Killed My Daughter and he took away my career, But above all i choose to rise”
“ADEQUATE REPRESENTATION IS KEY TO DELIVERING DIVIDENDS OF DEMOCRACY” NAYF TO MEMBERS OF THE 9TH ASSEMBLY
The National Assembly Youth Forum, a Nigerian based socio-economic group, has challenged returning and newly elected members of the 9th National Assembly to appreciate the faith and trust vested on them by their supporters by delivering on their campaign promises to ensure that their constituents enjoy dividends of democracy during their tenure.
In a statement issued by its PRO, Miss Precious Ononaku, the group noted that adequate representation is key to delivering dividends of democracy and cautioned members of the 9th Assembly against engaging in Ghana Must Go type of lobbying and negotiation, aimed only at personal aggrandizement, but should put the interest of their constituents first in performance of their duties to ensure that they are adequately represented at the national level. It also announced that it would be partnering with civil society groups to ensure adequate monitoring of implementation of Zonal Intervention Projects. It added that it would agitate for constant and frequent interactions between Senators/Members of House of Representatives with their constituents and appealed to members of the National Assembly to keep their doors open to their constituents.
The group added that it would soon commence a campaign aimed at educating electorates on their power of oversight on elected officials and
the procedure for recalling underperforming members of the National Assembly.
It re-iterated that a performing 9th Assembly would bridge the gap between the State and the People, which was lacking during the 8th assembly, and ensure an even spread in development of the country.
Further in its comments, the group congratulated all returning and newly
elected members of the 9th Assembly and posited that from the outcome of the just concluded general elections it was evident that the votes of Nigerians counted. It advised members of the 9th Assembly to learn from the massive retirement of underperforming politicians in the 2019 General Elections and deliver on their campaign promises.
The group also appealed to members to develop a cordial working relationship with the executive arm of government in order to ensure speedy implementation of policies that would bring about rapid economic growth of the Country.
It sympathized with Nigerians that lost loved ones during the 2019 polls and urged the Nigeria Police and the Department of State Security Services to ensure swift prosecution of all electoral offenders.
In conclusion, the group congratulated President Muhammadu Buhari on his re-election into office for a second term and pleaded that he should sign the electoral act into law to prevent bloodletting and violence during future polls. It further asked the President to run an inclusive Government and ensure that only capable persons with integrity are appointed into his cabinet during the second term.
#INTERNATIONALDAYOFHAPPINESS : Check Out The 10 Happiest Countries In The World
The report ranks countries on six key variables that support well-being: income, freedom, trust, healthy life expectancy, social support and generosity.
“The top 10 countries tend to rank high in all six variables, as well as emotional measures of well-being,” says report co-editor John Helliwell, a professor emeritus of economics at the University of British Columbia.
In 2012, the United Nations General Assembly declared March 20 as World Happiness Day, recognizing “the relevance of happiness and well-being as universal goals and aspirations in the lives of human beings around the world and the importance of their recognition in public policy objectives.”
This report is the seventh to come out since 2012. The rankings of the world’s happiest countries came from an analysis of data from surveys in 156 countries, including the Gallup World Poll starting in 2005-2006.
See World’s happiest countries below:
8. New Zealand
See World’s least happy countries
1. South Sudan
2. Central African Republic
Flora Shaw, The Woman Who Coined The Name ‘Nigeria’
Flora Louise Shaw, DBE (born 19 December 1852 – 25 January 1929) was a British journalist and writer. She is credited with having coined the name “Nigeria”
Shaw was close to the three men who most epitomised empire in Africa: Cecil Rhodes, George Goldie and Frederick Lugard.
She married, on 10 June 1902, the colonial administrator, Sir Frederick Lugard, who in 1928 was created Baron Lugard. She accompanied him when he served as Governor of Hong Kong (1907–1912) and Governor-General of Nigeria (1914–1919). They had no children.
In 1905 Shaw wrote what remains the definitive history of Western Sudan and the modern settlement of Northern Nigeria, A Tropical Dependency: An Outline of the Ancient History of the Western Soudan, With an Account of the Modern Settlement of Northern Nigeria (London: Nisbet, 1905).
While they lived in Hong Kong she helped her husband to establish the University of Hong Kong. During the First World War, she was prominent in the founding of the War Refugees Committee, which dealt with the problem of the Belgian refugees, and founded the Lady Lugard Hospitality Committee. In the 1918 New Year Honours, she was appointed as a Dame Commander of the Order of the British Empire.
She died of pneumonia on 25 January 1929, aged 76, in Surrey.
Download : Ejire Orila – Latest Yoruba Movie 2019
Download Oyun Abami – Latest Yoruba Movie 2019
Download: Royal Victory – Latest 2019 Nollywood Movie
8 Worst Premier League players of all time
Kenyan oldest $ex worker retires after servicing 28,000 Men in 23 years of business
JENIFA’S DIARY SEASON 10 (EPISODES 5, 6, 7, 8, 9, 10, 11, 12) MP4, 3GP, AVI
- Download : Ejire Orila – Latest Yoruba Movie 2019 Apr 20, 2019
- Download Oyun Abami – Latest Yoruba Movie 2019 Apr 20, 2019
- Download: Royal Victory – Latest 2019 Nollywood Movie Apr 20, 2019
- Download: A King Is Born – Latest 2019 Nollywood Movie Apr 20, 2019
- Download: Women Before 40 –Latest Nollywood 2019 Movies Apr 20, 2019