Bitcoin is the oldest and best-known cryptocurrency. It was born on 3 January 2009. More than 16.7 million bitcoins were in circulation as of December 2017 with a total value of about USD 250 billion. That’s still almost nothing compared to…Read More
What is Bitcoin?
Is it safe to use Bitcoin?
We could, in turn, ask whether it’s safe to use the US dollar. As with any other type of money, there are specific issues Bitcoin users need to know…Read More
Bitcoin pros and cons
Many are attracted to Bitcoin by its independence and pseudo-anonymity. But its convenience of use, speed and costs are not always as attractive as …Read More
How to buy bitcoin
As bitcoin continues to gain popularity, there still remains one of biggest hurdles for adoption from the early days – Buying your first bitcoins. Since becoming more mainstream, services have popped up all over the place giving the average Joe more and more of a reason to try out bitcoin, even if it is just to satisfy one’s own curiosity….Read More
How to store your bitcoins?
Bitcoin works based on public/private key pairs, the public key being the public address for receiving payments, the private key is used to sign the transaction to send coins from that address. Storage of the private key is stored in a ‘wallet’ and there are many different ways in which to do it, each with varying levels of security….Read More
Why do you need a paper wallet?
One of the challenges facing bitcoin’s adopters around the globe is storage. How exactly are you supposed to keep your bitcoins secure if you plan on keeping a significant amount in one wallet? Well, the answer for most will be a paper wallet. …Read More
What is bitcoin mining?
Mining bitcoins is a relatively straightforward process. If you don’t wish to delve into the details or learn how to optimally configure your bitcoin mining hardware, you can easily just download bitcoin mining software, start it up on your computer, and you’re already mining bitcoin. You could even start mining a few Satoshi before finishing this read….Read More
What Profit can I earn with bitcoin mining?
There are ways to profit with bitcoin mining. Ways to earn from bitcoin mining typically involve upfront investment of mining hardware. Raw mining earnings are calculated by mining power of your bitcoin mining hardware, measured in hashes per second, and the current difficulty and block reward of the bitcoin network…..Read More
What are the benefits of using bitcoin as a payment system?
There are many benefits to using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to using Bitcoin as a payment system, and it will also discuss escrow services, the future of Bitcoin in commerce, potential drawbacks, and a summary on the benefits. …Read More
What are the differences between bitcoin and the traditional banking system?
This article is going to discuss the differences between bitcoin and the traditional banking system. There are many differences between the two in the fundamentals of how they operate, how money is distributed and ‘created’, and how the units of account are stored…..Read More
Who is Satoshi Nakamoto
Satoshi Nakamoto is the pseudonym used by a people or group of people who invented Bitcoin. Satoshi developed the original protocol and the blockchain technology that underlies bitcoin, Satoshi’s real identity is unknown……Read More
How is the price of cryptocurrency defined?
is a new revolutionary type of currency. Like any other currency or unit of account, they only have value because people think it has value. Some currencies are backed by gold or other precious metals; others are backed by nothing but hot air although have value because people think it has value and use it as a unit of exchange..Read More