Found 110 Articles for Bitcoin

Bitcoins are created by Satoshi Nakamoto, in 2008 whose identity is still a mystery, whether it is one person or a group of persons. Satoshi Nakamoto proposed Bitcoin as a means of exchange, independent and secure and also a limited number.Now the question comes, Why limited supply?The most important feature of Bitcoin is that it is decentralized. No Central authority will keep a check on its demand or supply. Satoshi has created an open source code which is maintained by a group of volunteer programmers and runs as a distributed network with nodes spread across the world. We know that ... Read More

Bitcoin, invented by Satoshi Nakamoto in 2008 has ushered new waves in the field of cryptocurrencies. Inspired by Bitcoins and decentralized peer-to-peer network, there are many digital currencies that came into the world to change the global economy.Let us first understand what is a cryptocurrency? Cryptocurrencies are the digital currencies which are generated, stored and transacted digitally. The most important feature of cryptocurrency which makes it different from fiat currency is, that it is not created or maintained by any single central authority. It is created and maintained through a decentralized system which is maintained by the miners. The miners ... Read More

When digital or crypto currency gets a mention, bitcoin is the first thing that strikes the minds of the expert investor as well as the fanciers. Bitcoin can be referred as a virtual currency or a medium of conducting digital transactions just like any other digital currency. So, how is it better than any conventional currency?The global interest in bitcoin has gone up in the past a couple of years. However, those who still see its gloomy side, here are the reasons for going for this currency.Digital and Decentralized-Bitcoin comes with the liberty to exchange value with no intermediaries. This ... Read More

SegWit is an acronym for Segregated Witness and is a solution to a flaw in the Bitcoin protocol. It actually changes the way data is stored. A developer Pieter Wiulle first brought up this idea at the Scaling Bitcoin conference in 2015. This was considered as the much-needed breakthrough to bitcoin’s scaling problem. 1MB is the maximum block size in the key protocol and it inhibits the number of transactions bitcoin can process to roughly seven per second. This was going to confine bitcoin’s prospective growth, and restrict it from turning a fit-for-use high-volume payment system.The upgrade, however, enables a ... Read More

Bitcoin mining pools are nothing but a way for Bitcoin miners to pool their resources together. It also includes the sharing of their hashing power while distributing the payoff equally as per the amount of shares they contributed to puzzling out a block.Members of the Bitcoin mining pool gets a ‘share’ after presenting a valid proof of work that their Bitcoin miner solved. Bitcoin mining in pools commenced when the miners found mining extremely tough as solving them out could take years for slower miners to generate a block.The only solution miners could come up to solve this riddle was ... Read More

A couple of years ago, I came across Bitcoins and I immediately looked for some info about it before I would die of curiosity. After going through a decent deal of content over it, I realized that the information on this hot topic is not substantial and rather it is misleading to some extent. Therefore, I started going through some business and tech journals and all that I absorbed out of those pieces, here I pour out the essence.What Is Bitcoin?We can divide bitcoins into two major parts; 1. Bitcoin-the Token through which one can show the ownership of a ... Read More

The bitcoin craze is gradually taking a leap now and the investors are optimistic about its growth and increased value in the coming future. However, the stability of bitcoin currency is still a big concern for everyone. Nonetheless, people are mining bitcoins, getting them exchanged and also dealing in them. This shows its value and power, which is being elongated by each passing year. Despite this, many bitcoin owners linger in vacuum when it comes to converting them into cash. Here are some hassle-free methods you can try to get it right:Cash It On Bitcoin ATMsATMs that exchange bitcoins are ... Read More

Bitcoin wallets come on different platforms with different features. There is not “one size fits all” concept.Bitcoin wallet can be set up electronically either on your mobile or desktop. It is an application or a program which allows you to send or receive Bitcoin cash, and keep track of your transactions and history. The software program stores the private and public keys and interacts with various block chains to enable the users to send and receive digital currency and also monitor their balance. If you want to store and use the crypto currency you need a Digital Wallet.They are downloaded ... Read More

What is a Bitcoin?Bitcoin is an electronic payment system through a secure, verifiable and mathematical way. It is created by Satoshi Nakamoto in 2008 to produce a new means of exchange of money, independent of any centralization or central authority, which can be done electronically.Traditional currency is printed and distributed by the Government based on demand and supply in the market. Bitcoin is introduced as a peer-to-peer currency without any central authority or any government body to issue the Coins and track their transactions.What is MiningWhere do the Bitcoins come from when there is no central authority to create and ... Read More

We know about Bitcoin mining … and how you can earn reward of 12.5 Bitcoins for every mathematical algorithm solved. The more number of miners join the network, the faster the puzzles get solved, the tougher the algorithms become. Though there is a large potential in Cryptocurrency to earn money, there is also a lot of uncertainty and speculation.Mining Bitcoins at home is highly difficult and impractical thing to do, because of the highly expensive hardware and high electricity bills. One more risk factor is the graphic cards you use should be constantly updated so as to meet the rising ... Read More