This article explain how bitcoin works and where it's possible to use bitcoin. It also explain about the recent developments with bitcoin casino and pokersites
In 2008, after the financial crisis, an article titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published detailing the concepts of a payment system. Bitcoin was born. Bitcoin caught the world’s attention with its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the Internet, …
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Cryptocurrency mining is an endless game in this digital world. Bitcoin, the first decentralized currency, introduced in early 2000. Cryptocurrency mining is a complex procedure for verifying transactions and adding them to the public ledger (blockchain). This record of past transactions is called a block chain because it is a chain of blocks. The blockchain …
In the times we live in, technology has made incredible advances compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus human life on earth is continuously improving day by day. One of the latest inclusions in this …
Continue reading “The basics of cryptocurrency and how it works”
Bitcoin is known as the first decentralized digital currency, they are basically coins that can be sent over the internet. 2009 was the year Bitcoin was born. The creator’s name is unknown, but the pseudonym Satoshi Nakamoto is given to this person. Advantages of Bitcoin. Bitcoin transactions are done directly from person to person over …
“Crypto” – or “cryptocurrencies” – are a type of software system that provides transactional functionality to users via the Internet. The most important feature of the system is their decentralized nature – usually provided by blockchain database system. Blockchain and “crypto-currencies” have recently become staples of the global zeitgeist; usually as a result of the …
Continue reading “how "Crypto" Currencies Work – A Brief Overview of Bitcoin, Ethereum and Ripple”
Bitcoins are a decentralized form of cryptocurrency. This means they are not regulated by a financial institution or government. As such, unlike a traditional bank account, you do not need a long list of documents such as an ID card to be able to create what is known as a Bitcoin wallet. A bitcoin wallet …
In case you don’t know, bitcoin is a type of decentralized network of cryptocurrency. In this process, transactions are based on a 16-character encrypted address. In simple terms, it’s just like your social security number. In terms of security, only you can transfer the funds as you have the address, which includes two-factor verification. In …
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