Wednesday, 7th June 2023

Xolane Ndhlovu: Winning with blockchain and cryptocurrency

A lot of people have been hearing a lot about the blockchain technology but don’t know what it’s all about. Doing away with the complex definition given by Wikipedia...

REUTERS/Dado Ruvic/Illustration/File Photo

A lot of people have been hearing a lot about the blockchain technology but don’t know what it’s all about. Doing away with the complex definition given by Wikipedia, the blockchain simply put, is a series of immutable record of data that is managed by a network of computers not owned by a single entity.

But what is so special about the blockchain? Why do people say it is the next “internet” that will cause the next revolution? Well, the blockchain network is a decentralized system having no central authority. A very democratic system where the information in it is incorruptible and open for everyone to see implying that the blockchain by its very nature is a transparent one with everybody being accountable for their actions.

The blockchain itself was created for the cryptocurrency Bitcoin, but today there are extensive applications of the blockchain in virtually all industries you could think of whether health, politics, agriculture, the financial sector E.T.C.

Cryptocurrency in layman term means virtual money, and we have a lot of them today, using the blockchain technology, with Bitcoin being the mother of all. Cryptocurrencies have changed the general way people view money, causing an interruption in the domination of the fiat currency. Although a lot of people are still sceptical about cryptocurrencies due to its volatile rise and fall in prices and whether or not if it’s a bubble.

Now the real question is when do you jump on the moving train? With a lot of people still asking this question, the real risk-takers and entrepreneurs are already moving with the train, and this does not exclude Xolane Ndhlovu.

Xolane recognized the vast opportunities and gaps to fill in the crypto space and has significantly invested in startups like Crypto Magazine, NPXS Pundit X and Holochain with the hope that financial analysts did analysis, his investment in blockchain and crypto technology in the next 5 years will grant him his first billion.

The Crypto Magazine launched by Xolane and his team was envisioned to “unburden the cyber population from all the confusions, controversies and conflicts surrounding crypto and blockchain”. The Xolane Crypto Magazine is a great platform that helps the general public to have authentic information about blockchain and cryptocurrency technology as varying news and rumours are hovering over the blockchain putting people at risk of making the wrong investment.

Xolane and other investors who have put their trust in this relatively new technology by investing in different blockchain startup companies will later be known as early advocates for the revolution at hand.

While cryptocurrency might not be attractive currently having dropped significantly in value in the past year, it is worth mentioning that the blockchain technology and market is still relatively young with huge potential. Therefore, we encourage you always to take that bold step in crafting your own success story.

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