Author: John Smith
The modern concept of cryptocurrency is becoming very popular among traders. A revolutionary concept introduced to the world by Satoshi Nakamoto as a side product became a hit. Decoding Cryptocurrency we understand crypto is something hidden and currency is a medium of exchange. It is a form of currency used in the block chain created and stored. This is done through encryption techniques in order to control the creation and verification of the currency transacted. Bit coin was the first cryptocurrency which came into existence. Cryptocurrency is just a part of the process of a virtual database running in the…
Bitcoin is the new cryptocurrency designed by Satoshi Nakamoto in 2007 and was brought into existence in the business-world in 2009, widely accepted by a large number of investors as it promises the higher return on their investments. Bitcoin is used in many countries as an alternative currency. Many bitcoin companies have been established expanding their customer base in various countries by providing lucrative returns and easy convertible policy. A bitcoin generator is becoming a new trend that gives twice or thrice time the sum invested. Companies are giving security base to their investors still it is influenced by market…
A New Horizon in Data Sharing Framework Blockchain is a shared distributed database for peer-to-peer transaction. The core of this technology is bitcoin – a digitally encrypted wallet for controlling transaction and payment system which was introduced in 2009. This transaction management system is decentralized and generally runs without any intermediary. These transactions are endorsed by a set of network nodes and documented in a communal ledger known as blockchain. The Internet of Things (IoT) is a cyber-physical network of interconnected computing devices, digital objects, and individual with unique system IDs. The objective of the IoT space is to serve…
Cryptocurrency scams have rocked the financial industry since the day bitcoin gained prominence and sadly, it is estimated that there have been over a billion dollars lost in such scams. At the same time, millions are lost every year to such scams. We expect that you do not fall prey to such scams and hence, we bring forward to you this very article that will help you in some way or other to find out about a lot of crypto scams that exist. These are the types of Cryptocurrency Scams – Giveaway scams It’s incredibly unlikely that someone is having…
Most people have heard of the term Bitcoin but don’t have a clear idea of what it really is. Simply defined, Bitcoin is a decentralized, peer to peer, digital currency system, designed to give online users the ability to process transactions via digital unit of exchange known as Bitcoins. In other words, it is a virtual currency. The Bitcoin system was created in the year 2009 by an undisclosed programmer(s). Since then, Bitcoin has garnered huge attention as well as controversy as an alternative to US dollar, Euros and commodity currencies such as gold and silver. A private network of…
While there have been market corrections in cryptocurrency market in 2018, everyone agrees that the best is yet to come. There have been a lot of activities in the market that have changed the tide for the better. With proper analysis and the right dose of optimism, anyone who is invested in the crypto market can make millions out of it. Cryptocurrency market is here to stay for the long term. Here in this article, we give you five positive factors that can spur further innovation and market value in cryptocurrencies. 1. Innovation in scaling Bitcoin is the first cryptocurrency…
Well, it’s been a crazy 10 years for Bitcoin. Actually it’s over 10 years since Bitcoin was first created by Satoshi Nakamoto. Whoever, he, she or they were, they’ve had a profound effect on the world. They no doubt predicted that which is why they chose to disappear from the limelight. So over a decade later Bitcoin is still alive and stronger than ever. Thousands of other crypto coins have come along since all trying to imitate the king of Crypto. All have failed and will continue to fail. Bitcoin is one a kind. Something that can’t be replicated. If…
Peer to peer technology has evolved to accommodate payment systems, as exemplified by Bitcoin. It is a digital currency that can be used for personal and business transactions at a reasonable cost. Sometimes referred to as the currency of the internet, Bitcoin isn’t subject to any central authority. Created some five years ago, it has grown in leaps and bounds with many speculators asserting that this rise will continue in the foreseeable future. More about Bitcoins Bitcoin is descriptive of the actual technology in play. These coins represent the currency itself and are the ones transacted. They are sent or…
Questions have arisen unto whether bitcoin is turning into a multilayered system. Well, the answer is yes. This article seeks to outline the various layers onto which bitcoin lies on. It’s all yours! Have you heard of those who refer to bitcoin as digital gold? Clearly, the crypto-currency is quickly gaining popularity and acceptance in the crypto world. The value of the coin is estimated to rise higher. However, it is also noted that the coin can gain or lose 50% of its value overnight. This causes speculations amongst investors but the coin is nevertheless a ”digital gold”. And to…
Bitcoin (BTC) is a new kind of digital currency-with cryptographic keys-that is decentralized to a network of computers used by users and miners around the world and is not controlled by a single organization or government. It is the first digital cryptocurrency that has gained the public’s attention and is accepted by a growing number of merchants. Like other currencies, users can use the digital currency to buy goods and services online as well as in some physical stores that accept it as a form of payment. Currency traders can also trade Bitcoins in Bitcoin exchanges. There are several major…