CRYPTOCURRENCY

Welcome to the CEDEX Knowledge Center where you’ll find a extensive content and learn about Diamonds, Cryptocurrencies and of course – about Cedex, because the more you know – the smarter you trade!

The CEDEX Knowledge center will cover some of the more important basics about all three topics we mentioned above – their history, how they work as financial instruments and how could use them.But with that out of the way, let’s get Cedex Smart!

SO WHAT TOPIC DO YOU WANT TO LEARN ABOUT TODAY?

CRYPTO INTRO

Cryptocurrencies are a new arrival on the world financial stage, their earliest forms have been around for less than 30 years and have only grown popular since the introduction of Bitcoin, it’s most popular form over the past decade.Considering the fact that other forms of payments have been around for roughly six decades (credit cards), 6 centuries (cheques) or 5 millennia (hard currencies) it would seem that cryptocurrencies have a long way to go until they reach a cer tain level of popularity.This is to say that describing cryptocurrencies with any degree of cer tainty is difficult because they are still in their earliest phases of existence, but before we star t talking about cryptocurrencies at all we must first discuss money, economics and the way we as a society decide the worth of things.We will do all of that in this section of the CEDEX knowledge center dedicated to how cryptocurrencies came to be, how they grew overnight, how they are changing the world economy and perhaps most importantly for you – how you can harness them to help you succeed.

WHAT IS BLOCKCHAIN TECHNOLOGY

Not only is it one of the basic building blocks of CEDEX and the way it operates, it is also an entirely new way of thinking for the financial world and many other aspects of our lives.

As more aspects of our lives grow to rely on computers and the digital world behind them there is an ever present need to secure multiple facets of our lives, and Blockchain technology, at the moment, appears to be the most popular way to go about that security.

Essentially, Blockchain technology is a way to secure information and records in a way that turns them impervious to attempts to alter the information contained within, and this is done in a that may seem complex when explained, but once grasped - becomes easy to understand.A blockchain is comprised of an ever growing list of blocks,

with each block containing a cryptographic hash (a function that uses an algorithm to encrypt the data) of the block that came before it , a timestamp and transaction data.

When another transaction is executed, the data gets sent to a new block and so on, because Blockchain technology is used on P2P networks, with every “node” of the network holding the information for the entire chain, it becomes vir tually impossible to alter the data on the chain, simply because a change to a single block would render the information on it incompatible with the rest of the “chain”, causing it to be disregarded and the majority of activity would remain on the last known “correct” thread of the chain.

The application of Blockchain technology can be easily seen in the worlds of cryptocurrencies where the accuracy and speedy relaying of information are of the utmost importance to everyone involved.

It is also how CEDEX will insure that both diamond related transactions and CEDEX coin related transactions will be safe, fast and accurate.

WHAT ARECRYPTOCURRENCIES

The debate about cryptocurrencies and their true worth is going on in various financial forums, groups, websites and anywhere in between, and everyone seems to have an opinion on the matter, the debate mostly centers around a single thing - Are cryptocurrencies even money at all? And if so - how is their worth decided?

The answer to the first question is simple - Yes, cryptocurrencies are money - they have value which climbs and falls, they are traded, they can be used to pay for various items and most importantly - they react to other markets, other currencies and events in various financial arenas.

The answer to the second one is far more complex than we

have time and space to cover here - who decides what things are worth?

In essence, Cryptocurrencies are a digital asset that uses cryptography to secure the information they hold, the biggest difference from other “traditional” currencies and banking systems is that they use decentralized control meaning that no single location holds all the information about transactions.

Unlike regular banking systems cryptocurrencies normally use blockchain technology to serve as their database, so each transaction has to be verified by multiple separate ledgers instead of one central bank.

The thinking behind such a system is rather simple - if you wanted to rob a bank holding U.S dollars for example you would have to break into and get away from a single location, but to “rob” cryptocurrency you would need to break into countless computers within the network holding its information, insuring that you control AT LEAST 51% of the data, so you can “fake” it to suit your needs.

In other words - it’s all about security in a digital age.

At last count there were over 4,000 kinds of various cryptocurrencies with varying levels of success or infamy, from market kingpins like Bitcoin and Etherium all the way down to the smallest ones.

But despite some difficulties along the way, cryptocurrencies, uses for them and their worth have been on the rise for years now, and the trend does not seem to be ending any time soon.

Cedex and the Cedex coin are pleased to join this new world economy, and we hope to be one of its leaders for years to come.

THE NEWFINANCIAL WORLD

There are quite a few people that are credited with coining the phrase “The definition of insanity is doing the same thing

over and over again and expecting different results” - from Benjamin Franklin to Albert Einstein and quite a few others.

It doesn't really matter who you believe coined the saying so long as you actually have some faith in it actually being true in some way.

And as we have seen many times over the last few years, not to mention decades and even centuries the most govern-ments, financial regulators, banks and major companies are actually insane by that dry definition of the term.

But why is that?

There have been far too many financial crises to list a specific reason that would encompass them all, but if put in a corner, most analysts would put the blame at the feet of a simple reason - centralization.

The concept of centralization is one that’s solid enough - it puts the ability to make decisions and choices in the hand of a select group of individuals, allowing them to “steer” the entity for which they are responsible to financial safety in a speedy and considerate fashion, putting aside all the chaos and multi-ple opinions surrounding them in favor of creating a cool, calm and collected voice.

But centralization also has a very weak spot.

When one domino falls, the rest follow suit very shortly.

The majority of large scale crises can all be traced to this very simple explanation - something goes wrong on a small scale, it gets underestimated and written off only to grow, and by the time anyone realizes how severe the situation really is - the dominos are tumbling.

These types of happenings are what necessitates an entirely new approach to economy, one that has a very different foun-dation - Power to the people.

Or to be more exact - power to the masses.

As we said in our previous ar ticle here, the very basis of blockchain technology is one that prevents the very same cen-tralized disasters that have plagued financial systems as it places the onus on every single “node” in equal terms.

Think about it in such an analogy - if you press your palm against a single nail it will pierce your skin with ease.

But as has been proven many times over - if you press your palm to 1000 equally divided nails - the equal tension will keep your palm smooth and injury free.

The same with Blockchain - with thousands upon thousands of points verifying and securing each transaction deception becomes far more difficult and an outright collapse of the

system nigh impossible.

But not only will blockchain technology be a better and safer way of running the world economy it would also be one that is more empowering to the masses, as they will have equal power and say in the direction an economy can, should and DOES take.

And isn’t that all we’re really after? A little more financial say in the things that matter most?

CRYPTO NAMESTO KNOW

Just like regular finances and indeed any other business - there are some names, companies and market forces you simply need to know if you’re going to succeed.

And while the “old school” financial world has names like the U.S Dollar, Warren Buffet and Microsoft, the cryptocurrency world has a few names you would do well to remember, follow and learn from (for better or worse).

Here are just a few of them:

BITCOIN - The original cryptocurrency was released in 2009 as an open-source code by an individual or group calling themselves “Satoshi Nakamoto”, it has been growing in popu-larity ever since with a recent study estimating that over 85% of crypto wallets hold Bitcoin in some fashion.It’s biggest downside is its limited supply (almost 17 million out of a total of 21 million bitcoins have already been mined) and the enormous effor t it takes to mine the coins themselves.But regardless of effor t, l imitations or various other faults it remains the most popular of cryptocurrencies by a large margin, and is perhaps the only one to gain some mainstream attention to this date.

ETHEREUM - Perhaps the second most known cryptocurrency is actually much more than just a currency. Unlike Bitcoin itself, Ethereum is more of a platform that other coins and projects (like CEDEX for example) can base themselves on, since it is open-sourced its code can be altered and improved to suit various needs, Star ted in 2013 by Vitalik Buterin Ethe-reum has gone on to be not only a highly successful crypto-currency but also a name that everyone in the crypto space simply must know.

XRP/RIPPLE - Much like Ethereum Ripple is not only a highly successful and sought after coin, it is also an open sourced technology platform that focuses on financial transaction set-tlement, it has wide ranging support not only from the crypto community but also from companies and institutes that have been developing various applications with it - from mobile minutes to frequent flier miles, essentially - XRP can be used to allow any form of payment, which may explain why in terms of market capitalization it is the 3rd largest coin around.

SATOSHI NAKAMOTO - As we wrote earlier, it is entirely un-clear if there even is a “real” Satoshi Nakamoto as an individ-ual or if it’s a group of people, or if either exists at all, but re-gardless of that person’s true identity, as the “inventor” of Bitcoin they have insured themselves of immortality within the world of cryptocurrencies, it has been estimated in some circles that “Nakamoto” hold roughly 1 million bitcoins, which at present means that whomever is behind that name can be valued at over 6 Bill ion USD.

THE WINKELVOSS TWINS - The majority of people know Tyler & Cameron from the movie “The Social Network” in which they were portrayed by actor Armie Hammer as claiming they should be given ownership over Facebook, but the twins, who were well off to begin with, made a smart investment of $11 Million in bitcoin, back in 2011, buying up roughly 1% of coins in circulation a claim, which if turns out to be true would put their bitcoin worth at nearly $250 million, which can buy a hell of a lot of immunity from being laughed at.

BINANCE - If you trade in cryptocurrencies as opposed to in-vesting in them at the ICO stage or mine them (when applica-ble) you need a platform to do so, which is where cryptocur-rency exchanges come in, and in that area, none are bigger than Binance, which was founded in 2017 and as of January 2018 had a $1.3 Billion market cap, Binance plans to expand its operations in Europe and may soon add currencies like the Euro and British Pound to its list of tradable assets.

With a market that is so rapidly changing and growing there will obviously be new names that pop up on our screens on a daily basis, so the names above represent just a small fraction of those you would be wise to keep track of, however, small as they may be - they can not and should not be ignored.

CRYPTOCURRENCYGLOSSARY

The cryptocurrency world like most spaces that are related to technology sees the evolution or revolution of the language people use in and around it arrive in record speed sometimes.So consider this glossary CEDEX’s way of trying to keep you updated on some of the language you may run into in your research across various mediums.

We will attempt to keep this section updated and relevant as we can, but we know its a losing fight to begin with...but here we go anyway!

*These are in no particular order as we will try to keep the list current and updated as possible.

HASH - Used to confirm vir tual coin transactions, this is the act of per forming a check on the data that is output by a hash function.DISTRIBUTED LEDGER - vir tual ledgers stored over a net-work of nodes that are decentralized, they can be both per-missioned or private.

CRYPTOCURRENCY - sometimes known as tokens, these are the digital representations of cer tain assets.

BLOCKCHAIN - A shared ledger in which the transactions are stored by adding new and modified blocks to the existing chain, star ting with the “genesis” block all the way to the newest one created.

MINING - The act of validating a transaction on the block-chain, this is a necessity to keep the blockchain properly func-tioning, so it is often rewarded by giving “miners” a reward, usually in the form of coins.

PROOF OF STAKE - An algorithm that earns rewards for you based on how many coins you’re currently holding, thus, the more you mine or invest in a coin, the more you stand to make from it .

SMART CONTRACT - A set of rules written in a programma-ble language onto the blockchain to be enforced by network participants.

WALLET - Essentially a file to contain private keys, would normally contain software to allow the viewing and creation of blockchain transaction for whatever blockchain the wallet was designed for.

WHALE - A person that has control over a great deal of cryp-tocurrency or cryptocurrencies.

FIAT / FIAT MONEY - A form of currency that is established by governments and other such organizations, it has no real “use value” and only derives its value from it being maintained by the government or organization that issued it .

BULL MARKET / BEING BULLISH - a market on the rise or person that expects the market to rise.Bear market / being bearish - the opposite of “bull”.

ALTCOIN - a cryptocurrency that is not Bitcoin or Ethereum (though some bitcoin “purists” refer to Ethereum itself as an altcoin).

EXCHANGES - Websites where people can buy, sell or ex-change various cryptocurrencies.

ICO - Initial Coin Offering, the practice of a company/star tup offering a cer tain amount of the coins it is issuing for sale to the general public.

FOMO - Fear Of Missing Out - a sensation that if one doesn’t act quickly, one might miss out on something that will soon hit all time highs.

FUD - Fear, Uncertainty, Doubt - A sentiment that’s usually spread intentionally by individuals trying to damage the repu-tation of a person or entity.

PUMP & DUMP - A cycle describing the status of a coin be-coming well known, thus leading to many people buying it , which in turn leads to a sharp rise in prices, soon followed by a crash, as many of those purchasers sell their coins.

CRYPTO INTRO

Cryptocurrencies are a new arrival on the world financial stage, their earliest forms have been around for less than 30 years and have only grown popular since the introduction of Bitcoin, it’s most popular form over the past decade.Considering the fact that other forms of payments have been around for roughly six decades (credit cards), 6 centuries (cheques) or 5 millennia (hard currencies) it would seem that cryptocurrencies have a long way to go until they reach a cer tain level of popularity.This is to say that describing cryptocurrencies with any degree of cer tainty is difficult because they are still in their earliest phases of existence, but before we star t talking about cryptocurrencies at all we must first discuss money, economics and the way we as a society decide the worth of things.We will do all of that in this section of the CEDEX knowledge center dedicated to how cryptocurrencies came to be, how they grew overnight, how they are changing the world economy and perhaps most importantly for you – how you can harness them to help you succeed.

WHAT IS BLOCKCHAIN TECHNOLOGY

Not only is it one of the basic building blocks of CEDEX and the way it operates, it is also an entirely new way of thinking for the financial world and many other aspects of our lives.

As more aspects of our lives grow to rely on computers and the digital world behind them there is an ever present need to secure multiple facets of our lives, and Blockchain technology, at the moment, appears to be the most popular way to go about that security.

Essentially, Blockchain technology is a way to secure information and records in a way that turns them impervious to attempts to alter the information contained within, and this is done in a that may seem complex when explained, but once grasped - becomes easy to understand.A blockchain is comprised of an ever growing list of blocks,

with each block containing a cryptographic hash (a function that uses an algorithm to encrypt the data) of the block that came before it , a timestamp and transaction data.

When another transaction is executed, the data gets sent to a new block and so on, because Blockchain technology is used on P2P networks, with every “node” of the network holding the information for the entire chain, it becomes vir tually impossible to alter the data on the chain, simply because a change to a single block would render the information on it incompatible with the rest of the “chain”, causing it to be disregarded and the majority of activity would remain on the last known “correct” thread of the chain.

The application of Blockchain technology can be easily seen in the worlds of cryptocurrencies where the accuracy and speedy relaying of information are of the utmost importance to everyone involved.

It is also how CEDEX will insure that both diamond related transactions and CEDEX coin related transactions will be safe, fast and accurate.

WHAT ARECRYPTOCURRENCIES

The debate about cryptocurrencies and their true worth is going on in various financial forums, groups, websites and anywhere in between, and everyone seems to have an opinion on the matter, the debate mostly centers around a single thing - Are cryptocurrencies even money at all? And if so - how is their worth decided?

The answer to the first question is simple - Yes, cryptocurrencies are money - they have value which climbs and falls, they are traded, they can be used to pay for various items and most importantly - they react to other markets, other currencies and events in various financial arenas.

The answer to the second one is far more complex than we

have time and space to cover here - who decides what things are worth?

In essence, Cryptocurrencies are a digital asset that uses cryptography to secure the information they hold, the biggest difference from other “traditional” currencies and banking systems is that they use decentralized control meaning that no single location holds all the information about transactions.

Unlike regular banking systems cryptocurrencies normally use blockchain technology to serve as their database, so each transaction has to be verified by multiple separate ledgers instead of one central bank.

The thinking behind such a system is rather simple - if you wanted to rob a bank holding U.S dollars for example you would have to break into and get away from a single location, but to “rob” cryptocurrency you would need to break into countless computers within the network holding its information, insuring that you control AT LEAST 51% of the data, so you can “fake” it to suit your needs.

In other words - it’s all about security in a digital age.

At last count there were over 4,000 kinds of various cryptocurrencies with varying levels of success or infamy, from market kingpins like Bitcoin and Etherium all the way down to the smallest ones.

But despite some difficulties along the way, cryptocurrencies, uses for them and their worth have been on the rise for years now, and the trend does not seem to be ending any time soon.

Cedex and the Cedex coin are pleased to join this new world economy, and we hope to be one of its leaders for years to come.

THE NEWFINANCIAL WORLD

There are quite a few people that are credited with coining the phrase “The definition of insanity is doing the same thing

over and over again and expecting different results” - from Benjamin Franklin to Albert Einstein and quite a few others.

It doesn't really matter who you believe coined the saying so long as you actually have some faith in it actually being true in some way.

And as we have seen many times over the last few years, not to mention decades and even centuries the most govern-ments, financial regulators, banks and major companies are actually insane by that dry definition of the term.

But why is that?

There have been far too many financial crises to list a specific reason that would encompass them all, but if put in a corner, most analysts would put the blame at the feet of a simple reason - centralization.

The concept of centralization is one that’s solid enough - it puts the ability to make decisions and choices in the hand of a select group of individuals, allowing them to “steer” the entity for which they are responsible to financial safety in a speedy and considerate fashion, putting aside all the chaos and multi-ple opinions surrounding them in favor of creating a cool, calm and collected voice.

But centralization also has a very weak spot.

When one domino falls, the rest follow suit very shortly.

The majority of large scale crises can all be traced to this very simple explanation - something goes wrong on a small scale, it gets underestimated and written off only to grow, and by the time anyone realizes how severe the situation really is - the dominos are tumbling.

These types of happenings are what necessitates an entirely new approach to economy, one that has a very different foun-dation - Power to the people.

Or to be more exact - power to the masses.

As we said in our previous ar ticle here, the very basis of blockchain technology is one that prevents the very same cen-tralized disasters that have plagued financial systems as it places the onus on every single “node” in equal terms.

Think about it in such an analogy - if you press your palm against a single nail it will pierce your skin with ease.

But as has been proven many times over - if you press your palm to 1000 equally divided nails - the equal tension will keep your palm smooth and injury free.

The same with Blockchain - with thousands upon thousands of points verifying and securing each transaction deception becomes far more difficult and an outright collapse of the

system nigh impossible.

But not only will blockchain technology be a better and safer way of running the world economy it would also be one that is more empowering to the masses, as they will have equal power and say in the direction an economy can, should and DOES take.

And isn’t that all we’re really after? A little more financial say in the things that matter most?

CRYPTO NAMESTO KNOW

Just like regular finances and indeed any other business - there are some names, companies and market forces you simply need to know if you’re going to succeed.

And while the “old school” financial world has names like the U.S Dollar, Warren Buffet and Microsoft, the cryptocurrency world has a few names you would do well to remember, follow and learn from (for better or worse).

Here are just a few of them:

BITCOIN - The original cryptocurrency was released in 2009 as an open-source code by an individual or group calling themselves “Satoshi Nakamoto”, it has been growing in popu-larity ever since with a recent study estimating that over 85% of crypto wallets hold Bitcoin in some fashion.It’s biggest downside is its limited supply (almost 17 million out of a total of 21 million bitcoins have already been mined) and the enormous effor t it takes to mine the coins themselves.But regardless of effor t, l imitations or various other faults it remains the most popular of cryptocurrencies by a large margin, and is perhaps the only one to gain some mainstream attention to this date.

ETHEREUM - Perhaps the second most known cryptocurrency is actually much more than just a currency. Unlike Bitcoin itself, Ethereum is more of a platform that other coins and projects (like CEDEX for example) can base themselves on, since it is open-sourced its code can be altered and improved to suit various needs, Star ted in 2013 by Vitalik Buterin Ethe-reum has gone on to be not only a highly successful crypto-currency but also a name that everyone in the crypto space simply must know.

XRP/RIPPLE - Much like Ethereum Ripple is not only a highly successful and sought after coin, it is also an open sourced technology platform that focuses on financial transaction set-tlement, it has wide ranging support not only from the crypto community but also from companies and institutes that have been developing various applications with it - from mobile minutes to frequent flier miles, essentially - XRP can be used to allow any form of payment, which may explain why in terms of market capitalization it is the 3rd largest coin around.

SATOSHI NAKAMOTO - As we wrote earlier, it is entirely un-clear if there even is a “real” Satoshi Nakamoto as an individ-ual or if it’s a group of people, or if either exists at all, but re-gardless of that person’s true identity, as the “inventor” of Bitcoin they have insured themselves of immortality within the world of cryptocurrencies, it has been estimated in some circles that “Nakamoto” hold roughly 1 million bitcoins, which at present means that whomever is behind that name can be valued at over 6 Bill ion USD.

THE WINKELVOSS TWINS - The majority of people know Tyler & Cameron from the movie “The Social Network” in which they were portrayed by actor Armie Hammer as claiming they should be given ownership over Facebook, but the twins, who were well off to begin with, made a smart investment of $11 Million in bitcoin, back in 2011, buying up roughly 1% of coins in circulation a claim, which if turns out to be true would put their bitcoin worth at nearly $250 million, which can buy a hell of a lot of immunity from being laughed at.

BINANCE - If you trade in cryptocurrencies as opposed to in-vesting in them at the ICO stage or mine them (when applica-ble) you need a platform to do so, which is where cryptocur-rency exchanges come in, and in that area, none are bigger than Binance, which was founded in 2017 and as of January 2018 had a $1.3 Billion market cap, Binance plans to expand its operations in Europe and may soon add currencies like the Euro and British Pound to its list of tradable assets.

With a market that is so rapidly changing and growing there will obviously be new names that pop up on our screens on a daily basis, so the names above represent just a small fraction of those you would be wise to keep track of, however, small as they may be - they can not and should not be ignored.

CRYPTOCURRENCYGLOSSARY

The cryptocurrency world like most spaces that are related to technology sees the evolution or revolution of the language people use in and around it arrive in record speed sometimes.So consider this glossary CEDEX’s way of trying to keep you updated on some of the language you may run into in your research across various mediums.

We will attempt to keep this section updated and relevant as we can, but we know its a losing fight to begin with...but here we go anyway!

*These are in no particular order as we will try to keep the list current and updated as possible.

HASH - Used to confirm vir tual coin transactions, this is the act of per forming a check on the data that is output by a hash function.DISTRIBUTED LEDGER - vir tual ledgers stored over a net-work of nodes that are decentralized, they can be both per-missioned or private.

CRYPTOCURRENCY - sometimes known as tokens, these are the digital representations of cer tain assets.

BLOCKCHAIN - A shared ledger in which the transactions are stored by adding new and modified blocks to the existing chain, star ting with the “genesis” block all the way to the newest one created.

MINING - The act of validating a transaction on the block-chain, this is a necessity to keep the blockchain properly func-tioning, so it is often rewarded by giving “miners” a reward, usually in the form of coins.

PROOF OF STAKE - An algorithm that earns rewards for you based on how many coins you’re currently holding, thus, the more you mine or invest in a coin, the more you stand to make from it .

SMART CONTRACT - A set of rules written in a programma-ble language onto the blockchain to be enforced by network participants.

WALLET - Essentially a file to contain private keys, would normally contain software to allow the viewing and creation of blockchain transaction for whatever blockchain the wallet was designed for.

WHALE - A person that has control over a great deal of cryp-tocurrency or cryptocurrencies.

FIAT / FIAT MONEY - A form of currency that is established by governments and other such organizations, it has no real “use value” and only derives its value from it being maintained by the government or organization that issued it .

BULL MARKET / BEING BULLISH - a market on the rise or person that expects the market to rise.Bear market / being bearish - the opposite of “bull”.

ALTCOIN - a cryptocurrency that is not Bitcoin or Ethereum (though some bitcoin “purists” refer to Ethereum itself as an altcoin).

EXCHANGES - Websites where people can buy, sell or ex-change various cryptocurrencies.

ICO - Initial Coin Offering, the practice of a company/star tup offering a cer tain amount of the coins it is issuing for sale to the general public.

FOMO - Fear Of Missing Out - a sensation that if one doesn’t act quickly, one might miss out on something that will soon hit all time highs.

FUD - Fear, Uncertainty, Doubt - A sentiment that’s usually spread intentionally by individuals trying to damage the repu-tation of a person or entity.

PUMP & DUMP - A cycle describing the status of a coin be-coming well known, thus leading to many people buying it , which in turn leads to a sharp rise in prices, soon followed by a crash, as many of those purchasers sell their coins.

CRYPTO INTRO

Cryptocurrencies are a new arrival on the world financial stage, their earliest forms have been around for less than 30 years and have only grown popular since the introduction of Bitcoin, it’s most popular form over the past decade.Considering the fact that other forms of payments have been around for roughly six decades (credit cards), 6 centuries (cheques) or 5 millennia (hard currencies) it would seem that cryptocurrencies have a long way to go until they reach a cer tain level of popularity.This is to say that describing cryptocurrencies with any degree of cer tainty is difficult because they are still in their earliest phases of existence, but before we star t talking about cryptocurrencies at all we must first discuss money, economics and the way we as a society decide the worth of things.We will do all of that in this section of the CEDEX knowledge center dedicated to how cryptocurrencies came to be, how they grew overnight, how they are changing the world economy and perhaps most importantly for you – how you can harness them to help you succeed.

WHAT IS BLOCKCHAIN TECHNOLOGY

Not only is it one of the basic building blocks of CEDEX and the way it operates, it is also an entirely new way of thinking for the financial world and many other aspects of our lives.

As more aspects of our lives grow to rely on computers and the digital world behind them there is an ever present need to secure multiple facets of our lives, and Blockchain technology, at the moment, appears to be the most popular way to go about that security.

Essentially, Blockchain technology is a way to secure information and records in a way that turns them impervious to attempts to alter the information contained within, and this is done in a that may seem complex when explained, but once grasped - becomes easy to understand.A blockchain is comprised of an ever growing list of blocks,

with each block containing a cryptographic hash (a function that uses an algorithm to encrypt the data) of the block that came before it , a timestamp and transaction data.

When another transaction is executed, the data gets sent to a new block and so on, because Blockchain technology is used on P2P networks, with every “node” of the network holding the information for the entire chain, it becomes vir tually impossible to alter the data on the chain, simply because a change to a single block would render the information on it incompatible with the rest of the “chain”, causing it to be disregarded and the majority of activity would remain on the last known “correct” thread of the chain.

The application of Blockchain technology can be easily seen in the worlds of cryptocurrencies where the accuracy and speedy relaying of information are of the utmost importance to everyone involved.

It is also how CEDEX will insure that both diamond related transactions and CEDEX coin related transactions will be safe, fast and accurate.

WHAT ARECRYPTOCURRENCIES

The debate about cryptocurrencies and their true worth is going on in various financial forums, groups, websites and anywhere in between, and everyone seems to have an opinion on the matter, the debate mostly centers around a single thing - Are cryptocurrencies even money at all? And if so - how is their worth decided?

The answer to the first question is simple - Yes, cryptocurrencies are money - they have value which climbs and falls, they are traded, they can be used to pay for various items and most importantly - they react to other markets, other currencies and events in various financial arenas.

The answer to the second one is far more complex than we

have time and space to cover here - who decides what things are worth?

In essence, Cryptocurrencies are a digital asset that uses cryptography to secure the information they hold, the biggest difference from other “traditional” currencies and banking systems is that they use decentralized control meaning that no single location holds all the information about transactions.

Unlike regular banking systems cryptocurrencies normally use blockchain technology to serve as their database, so each transaction has to be verified by multiple separate ledgers instead of one central bank.

The thinking behind such a system is rather simple - if you wanted to rob a bank holding U.S dollars for example you would have to break into and get away from a single location, but to “rob” cryptocurrency you would need to break into countless computers within the network holding its information, insuring that you control AT LEAST 51% of the data, so you can “fake” it to suit your needs.

In other words - it’s all about security in a digital age.

At last count there were over 4,000 kinds of various cryptocurrencies with varying levels of success or infamy, from market kingpins like Bitcoin and Etherium all the way down to the smallest ones.

But despite some difficulties along the way, cryptocurrencies, uses for them and their worth have been on the rise for years now, and the trend does not seem to be ending any time soon.

Cedex and the Cedex coin are pleased to join this new world economy, and we hope to be one of its leaders for years to come.

THE NEWFINANCIAL WORLD

There are quite a few people that are credited with coining the phrase “The definition of insanity is doing the same thing

over and over again and expecting different results” - from Benjamin Franklin to Albert Einstein and quite a few others.

It doesn't really matter who you believe coined the saying so long as you actually have some faith in it actually being true in some way.

And as we have seen many times over the last few years, not to mention decades and even centuries the most govern-ments, financial regulators, banks and major companies are actually insane by that dry definition of the term.

But why is that?

There have been far too many financial crises to list a specific reason that would encompass them all, but if put in a corner, most analysts would put the blame at the feet of a simple reason - centralization.

The concept of centralization is one that’s solid enough - it puts the ability to make decisions and choices in the hand of a select group of individuals, allowing them to “steer” the entity for which they are responsible to financial safety in a speedy and considerate fashion, putting aside all the chaos and multi-ple opinions surrounding them in favor of creating a cool, calm and collected voice.

But centralization also has a very weak spot.

When one domino falls, the rest follow suit very shortly.

The majority of large scale crises can all be traced to this very simple explanation - something goes wrong on a small scale, it gets underestimated and written off only to grow, and by the time anyone realizes how severe the situation really is - the dominos are tumbling.

These types of happenings are what necessitates an entirely new approach to economy, one that has a very different foun-dation - Power to the people.

Or to be more exact - power to the masses.

As we said in our previous ar ticle here, the very basis of blockchain technology is one that prevents the very same cen-tralized disasters that have plagued financial systems as it places the onus on every single “node” in equal terms.

Think about it in such an analogy - if you press your palm against a single nail it will pierce your skin with ease.

But as has been proven many times over - if you press your palm to 1000 equally divided nails - the equal tension will keep your palm smooth and injury free.

The same with Blockchain - with thousands upon thousands of points verifying and securing each transaction deception becomes far more difficult and an outright collapse of the

system nigh impossible.

But not only will blockchain technology be a better and safer way of running the world economy it would also be one that is more empowering to the masses, as they will have equal power and say in the direction an economy can, should and DOES take.

And isn’t that all we’re really after? A little more financial say in the things that matter most?

CRYPTO NAMESTO KNOW

Just like regular finances and indeed any other business - there are some names, companies and market forces you simply need to know if you’re going to succeed.

And while the “old school” financial world has names like the U.S Dollar, Warren Buffet and Microsoft, the cryptocurrency world has a few names you would do well to remember, follow and learn from (for better or worse).

Here are just a few of them:

BITCOIN - The original cryptocurrency was released in 2009 as an open-source code by an individual or group calling themselves “Satoshi Nakamoto”, it has been growing in popu-larity ever since with a recent study estimating that over 85% of crypto wallets hold Bitcoin in some fashion.It’s biggest downside is its limited supply (almost 17 million out of a total of 21 million bitcoins have already been mined) and the enormous effor t it takes to mine the coins themselves.But regardless of effor t, l imitations or various other faults it remains the most popular of cryptocurrencies by a large margin, and is perhaps the only one to gain some mainstream attention to this date.

ETHEREUM - Perhaps the second most known cryptocurrency is actually much more than just a currency. Unlike Bitcoin itself, Ethereum is more of a platform that other coins and projects (like CEDEX for example) can base themselves on, since it is open-sourced its code can be altered and improved to suit various needs, Star ted in 2013 by Vitalik Buterin Ethe-reum has gone on to be not only a highly successful crypto-currency but also a name that everyone in the crypto space simply must know.

XRP/RIPPLE - Much like Ethereum Ripple is not only a highly successful and sought after coin, it is also an open sourced technology platform that focuses on financial transaction set-tlement, it has wide ranging support not only from the crypto community but also from companies and institutes that have been developing various applications with it - from mobile minutes to frequent flier miles, essentially - XRP can be used to allow any form of payment, which may explain why in terms of market capitalization it is the 3rd largest coin around.

SATOSHI NAKAMOTO - As we wrote earlier, it is entirely un-clear if there even is a “real” Satoshi Nakamoto as an individ-ual or if it’s a group of people, or if either exists at all, but re-gardless of that person’s true identity, as the “inventor” of Bitcoin they have insured themselves of immortality within the world of cryptocurrencies, it has been estimated in some circles that “Nakamoto” hold roughly 1 million bitcoins, which at present means that whomever is behind that name can be valued at over 6 Bill ion USD.

THE WINKELVOSS TWINS - The majority of people know Tyler & Cameron from the movie “The Social Network” in which they were portrayed by actor Armie Hammer as claiming they should be given ownership over Facebook, but the twins, who were well off to begin with, made a smart investment of $11 Million in bitcoin, back in 2011, buying up roughly 1% of coins in circulation a claim, which if turns out to be true would put their bitcoin worth at nearly $250 million, which can buy a hell of a lot of immunity from being laughed at.

BINANCE - If you trade in cryptocurrencies as opposed to in-vesting in them at the ICO stage or mine them (when applica-ble) you need a platform to do so, which is where cryptocur-rency exchanges come in, and in that area, none are bigger than Binance, which was founded in 2017 and as of January 2018 had a $1.3 Billion market cap, Binance plans to expand its operations in Europe and may soon add currencies like the Euro and British Pound to its list of tradable assets.

With a market that is so rapidly changing and growing there will obviously be new names that pop up on our screens on a daily basis, so the names above represent just a small fraction of those you would be wise to keep track of, however, small as they may be - they can not and should not be ignored.

CRYPTOCURRENCYGLOSSARY

The cryptocurrency world like most spaces that are related to technology sees the evolution or revolution of the language people use in and around it arrive in record speed sometimes.So consider this glossary CEDEX’s way of trying to keep you updated on some of the language you may run into in your research across various mediums.

We will attempt to keep this section updated and relevant as we can, but we know its a losing fight to begin with...but here we go anyway!

*These are in no particular order as we will try to keep the list current and updated as possible.

HASH - Used to confirm vir tual coin transactions, this is the act of per forming a check on the data that is output by a hash function.DISTRIBUTED LEDGER - vir tual ledgers stored over a net-work of nodes that are decentralized, they can be both per-missioned or private.

CRYPTOCURRENCY - sometimes known as tokens, these are the digital representations of cer tain assets.

BLOCKCHAIN - A shared ledger in which the transactions are stored by adding new and modified blocks to the existing chain, star ting with the “genesis” block all the way to the newest one created.

MINING - The act of validating a transaction on the block-chain, this is a necessity to keep the blockchain properly func-tioning, so it is often rewarded by giving “miners” a reward, usually in the form of coins.

PROOF OF STAKE - An algorithm that earns rewards for you based on how many coins you’re currently holding, thus, the more you mine or invest in a coin, the more you stand to make from it .

SMART CONTRACT - A set of rules written in a programma-ble language onto the blockchain to be enforced by network participants.

WALLET - Essentially a file to contain private keys, would normally contain software to allow the viewing and creation of blockchain transaction for whatever blockchain the wallet was designed for.

WHALE - A person that has control over a great deal of cryp-tocurrency or cryptocurrencies.

FIAT / FIAT MONEY - A form of currency that is established by governments and other such organizations, it has no real “use value” and only derives its value from it being maintained by the government or organization that issued it .

BULL MARKET / BEING BULLISH - a market on the rise or person that expects the market to rise.Bear market / being bearish - the opposite of “bull”.

ALTCOIN - a cryptocurrency that is not Bitcoin or Ethereum (though some bitcoin “purists” refer to Ethereum itself as an altcoin).

EXCHANGES - Websites where people can buy, sell or ex-change various cryptocurrencies.

ICO - Initial Coin Offering, the practice of a company/star tup offering a cer tain amount of the coins it is issuing for sale to the general public.

FOMO - Fear Of Missing Out - a sensation that if one doesn’t act quickly, one might miss out on something that will soon hit all time highs.

FUD - Fear, Uncertainty, Doubt - A sentiment that’s usually spread intentionally by individuals trying to damage the repu-tation of a person or entity.

PUMP & DUMP - A cycle describing the status of a coin be-coming well known, thus leading to many people buying it , which in turn leads to a sharp rise in prices, soon followed by a crash, as many of those purchasers sell their coins.

CRYPTO INTRO

Cryptocurrencies are a new arrival on the world financial stage, their earliest forms have been around for less than 30 years and have only grown popular since the introduction of Bitcoin, it’s most popular form over the past decade.Considering the fact that other forms of payments have been around for roughly six decades (credit cards), 6 centuries (cheques) or 5 millennia (hard currencies) it would seem that cryptocurrencies have a long way to go until they reach a cer tain level of popularity.This is to say that describing cryptocurrencies with any degree of cer tainty is difficult because they are still in their earliest phases of existence, but before we star t talking about cryptocurrencies at all we must first discuss money, economics and the way we as a society decide the worth of things.We will do all of that in this section of the CEDEX knowledge center dedicated to how cryptocurrencies came to be, how they grew overnight, how they are changing the world economy and perhaps most importantly for you – how you can harness them to help you succeed.

WHAT IS BLOCKCHAIN TECHNOLOGY

Not only is it one of the basic building blocks of CEDEX and the way it operates, it is also an entirely new way of thinking for the financial world and many other aspects of our lives.

As more aspects of our lives grow to rely on computers and the digital world behind them there is an ever present need to secure multiple facets of our lives, and Blockchain technology, at the moment, appears to be the most popular way to go about that security.

Essentially, Blockchain technology is a way to secure information and records in a way that turns them impervious to attempts to alter the information contained within, and this is done in a that may seem complex when explained, but once grasped - becomes easy to understand.A blockchain is comprised of an ever growing list of blocks,

with each block containing a cryptographic hash (a function that uses an algorithm to encrypt the data) of the block that came before it , a timestamp and transaction data.

When another transaction is executed, the data gets sent to a new block and so on, because Blockchain technology is used on P2P networks, with every “node” of the network holding the information for the entire chain, it becomes vir tually impossible to alter the data on the chain, simply because a change to a single block would render the information on it incompatible with the rest of the “chain”, causing it to be disregarded and the majority of activity would remain on the last known “correct” thread of the chain.

The application of Blockchain technology can be easily seen in the worlds of cryptocurrencies where the accuracy and speedy relaying of information are of the utmost importance to everyone involved.

It is also how CEDEX will insure that both diamond related transactions and CEDEX coin related transactions will be safe, fast and accurate.

WHAT ARECRYPTOCURRENCIES

The debate about cryptocurrencies and their true worth is going on in various financial forums, groups, websites and anywhere in between, and everyone seems to have an opinion on the matter, the debate mostly centers around a single thing - Are cryptocurrencies even money at all? And if so - how is their worth decided?

The answer to the first question is simple - Yes, cryptocurrencies are money - they have value which climbs and falls, they are traded, they can be used to pay for various items and most importantly - they react to other markets, other currencies and events in various financial arenas.

The answer to the second one is far more complex than we

have time and space to cover here - who decides what things are worth?

In essence, Cryptocurrencies are a digital asset that uses cryptography to secure the information they hold, the biggest difference from other “traditional” currencies and banking systems is that they use decentralized control meaning that no single location holds all the information about transactions.

Unlike regular banking systems cryptocurrencies normally use blockchain technology to serve as their database, so each transaction has to be verified by multiple separate ledgers instead of one central bank.

The thinking behind such a system is rather simple - if you wanted to rob a bank holding U.S dollars for example you would have to break into and get away from a single location, but to “rob” cryptocurrency you would need to break into countless computers within the network holding its information, insuring that you control AT LEAST 51% of the data, so you can “fake” it to suit your needs.

In other words - it’s all about security in a digital age.

At last count there were over 4,000 kinds of various cryptocurrencies with varying levels of success or infamy, from market kingpins like Bitcoin and Etherium all the way down to the smallest ones.

But despite some difficulties along the way, cryptocurrencies, uses for them and their worth have been on the rise for years now, and the trend does not seem to be ending any time soon.

Cedex and the Cedex coin are pleased to join this new world economy, and we hope to be one of its leaders for years to come.

THE NEWFINANCIAL WORLD

There are quite a few people that are credited with coining the phrase “The definition of insanity is doing the same thing

over and over again and expecting different results” - from Benjamin Franklin to Albert Einstein and quite a few others.

It doesn't really matter who you believe coined the saying so long as you actually have some faith in it actually being true in some way.

And as we have seen many times over the last few years, not to mention decades and even centuries the most govern-ments, financial regulators, banks and major companies are actually insane by that dry definition of the term.

But why is that?

There have been far too many financial crises to list a specific reason that would encompass them all, but if put in a corner, most analysts would put the blame at the feet of a simple reason - centralization.

The concept of centralization is one that’s solid enough - it puts the ability to make decisions and choices in the hand of a select group of individuals, allowing them to “steer” the entity for which they are responsible to financial safety in a speedy and considerate fashion, putting aside all the chaos and multi-ple opinions surrounding them in favor of creating a cool, calm and collected voice.

But centralization also has a very weak spot.

When one domino falls, the rest follow suit very shortly.

The majority of large scale crises can all be traced to this very simple explanation - something goes wrong on a small scale, it gets underestimated and written off only to grow, and by the time anyone realizes how severe the situation really is - the dominos are tumbling.

These types of happenings are what necessitates an entirely new approach to economy, one that has a very different foun-dation - Power to the people.

Or to be more exact - power to the masses.

As we said in our previous ar ticle here, the very basis of blockchain technology is one that prevents the very same cen-tralized disasters that have plagued financial systems as it places the onus on every single “node” in equal terms.

Think about it in such an analogy - if you press your palm against a single nail it will pierce your skin with ease.

But as has been proven many times over - if you press your palm to 1000 equally divided nails - the equal tension will keep your palm smooth and injury free.

The same with Blockchain - with thousands upon thousands of points verifying and securing each transaction deception becomes far more difficult and an outright collapse of the

system nigh impossible.

But not only will blockchain technology be a better and safer way of running the world economy it would also be one that is more empowering to the masses, as they will have equal power and say in the direction an economy can, should and DOES take.

And isn’t that all we’re really after? A little more financial say in the things that matter most?

CRYPTO NAMESTO KNOW

Just like regular finances and indeed any other business - there are some names, companies and market forces you simply need to know if you’re going to succeed.

And while the “old school” financial world has names like the U.S Dollar, Warren Buffet and Microsoft, the cryptocurrency world has a few names you would do well to remember, follow and learn from (for better or worse).

Here are just a few of them:

BITCOIN - The original cryptocurrency was released in 2009 as an open-source code by an individual or group calling themselves “Satoshi Nakamoto”, it has been growing in popu-larity ever since with a recent study estimating that over 85% of crypto wallets hold Bitcoin in some fashion.It’s biggest downside is its limited supply (almost 17 million out of a total of 21 million bitcoins have already been mined) and the enormous effor t it takes to mine the coins themselves.But regardless of effor t, l imitations or various other faults it remains the most popular of cryptocurrencies by a large margin, and is perhaps the only one to gain some mainstream attention to this date.

ETHEREUM - Perhaps the second most known cryptocurrency is actually much more than just a currency. Unlike Bitcoin itself, Ethereum is more of a platform that other coins and projects (like CEDEX for example) can base themselves on, since it is open-sourced its code can be altered and improved to suit various needs, Star ted in 2013 by Vitalik Buterin Ethe-reum has gone on to be not only a highly successful crypto-currency but also a name that everyone in the crypto space simply must know.

XRP/RIPPLE - Much like Ethereum Ripple is not only a highly successful and sought after coin, it is also an open sourced technology platform that focuses on financial transaction set-tlement, it has wide ranging support not only from the crypto community but also from companies and institutes that have been developing various applications with it - from mobile minutes to frequent flier miles, essentially - XRP can be used to allow any form of payment, which may explain why in terms of market capitalization it is the 3rd largest coin around.

SATOSHI NAKAMOTO - As we wrote earlier, it is entirely un-clear if there even is a “real” Satoshi Nakamoto as an individ-ual or if it’s a group of people, or if either exists at all, but re-gardless of that person’s true identity, as the “inventor” of Bitcoin they have insured themselves of immortality within the world of cryptocurrencies, it has been estimated in some circles that “Nakamoto” hold roughly 1 million bitcoins, which at present means that whomever is behind that name can be valued at over 6 Bill ion USD.

THE WINKELVOSS TWINS - The majority of people know Tyler & Cameron from the movie “The Social Network” in which they were portrayed by actor Armie Hammer as claiming they should be given ownership over Facebook, but the twins, who were well off to begin with, made a smart investment of $11 Million in bitcoin, back in 2011, buying up roughly 1% of coins in circulation a claim, which if turns out to be true would put their bitcoin worth at nearly $250 million, which can buy a hell of a lot of immunity from being laughed at.

BINANCE - If you trade in cryptocurrencies as opposed to in-vesting in them at the ICO stage or mine them (when applica-ble) you need a platform to do so, which is where cryptocur-rency exchanges come in, and in that area, none are bigger than Binance, which was founded in 2017 and as of January 2018 had a $1.3 Billion market cap, Binance plans to expand its operations in Europe and may soon add currencies like the Euro and British Pound to its list of tradable assets.

With a market that is so rapidly changing and growing there will obviously be new names that pop up on our screens on a daily basis, so the names above represent just a small fraction of those you would be wise to keep track of, however, small as they may be - they can not and should not be ignored.

CRYPTOCURRENCYGLOSSARY

The cryptocurrency world like most spaces that are related to technology sees the evolution or revolution of the language people use in and around it arrive in record speed sometimes.So consider this glossary CEDEX’s way of trying to keep you updated on some of the language you may run into in your research across various mediums.

We will attempt to keep this section updated and relevant as we can, but we know its a losing fight to begin with...but here we go anyway!

*These are in no particular order as we will try to keep the list current and updated as possible.

HASH - Used to confirm vir tual coin transactions, this is the act of per forming a check on the data that is output by a hash function.DISTRIBUTED LEDGER - vir tual ledgers stored over a net-work of nodes that are decentralized, they can be both per-missioned or private.

CRYPTOCURRENCY - sometimes known as tokens, these are the digital representations of cer tain assets.

BLOCKCHAIN - A shared ledger in which the transactions are stored by adding new and modified blocks to the existing chain, star ting with the “genesis” block all the way to the newest one created.

MINING - The act of validating a transaction on the block-chain, this is a necessity to keep the blockchain properly func-tioning, so it is often rewarded by giving “miners” a reward, usually in the form of coins.

PROOF OF STAKE - An algorithm that earns rewards for you based on how many coins you’re currently holding, thus, the more you mine or invest in a coin, the more you stand to make from it .

SMART CONTRACT - A set of rules written in a programma-ble language onto the blockchain to be enforced by network participants.

WALLET - Essentially a file to contain private keys, would normally contain software to allow the viewing and creation of blockchain transaction for whatever blockchain the wallet was designed for.

WHALE - A person that has control over a great deal of cryp-tocurrency or cryptocurrencies.

FIAT / FIAT MONEY - A form of currency that is established by governments and other such organizations, it has no real “use value” and only derives its value from it being maintained by the government or organization that issued it .

BULL MARKET / BEING BULLISH - a market on the rise or person that expects the market to rise.Bear market / being bearish - the opposite of “bull”.

ALTCOIN - a cryptocurrency that is not Bitcoin or Ethereum (though some bitcoin “purists” refer to Ethereum itself as an altcoin).

EXCHANGES - Websites where people can buy, sell or ex-change various cryptocurrencies.

ICO - Initial Coin Offering, the practice of a company/star tup offering a cer tain amount of the coins it is issuing for sale to the general public.

FOMO - Fear Of Missing Out - a sensation that if one doesn’t act quickly, one might miss out on something that will soon hit all time highs.

FUD - Fear, Uncertainty, Doubt - A sentiment that’s usually spread intentionally by individuals trying to damage the repu-tation of a person or entity.

PUMP & DUMP - A cycle describing the status of a coin be-coming well known, thus leading to many people buying it , which in turn leads to a sharp rise in prices, soon followed by a crash, as many of those purchasers sell their coins.