Bitcoin has been around for a while now and it has grown into an important part of the online community. It’s easy to understand how this happened, as Bitcoin was designed to be a decentralized currency, meaning that it can’t be controlled by any central authority or government. The currency itself has no intrinsic value, […]
Tag: decentralization
What Is Bitcoin?What Is Bitcoin?
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There are many people who have heard of Bitcoin, but are not sure what it is. Many people believe that Bitcoin is a type of currency, while others believe that it is a type of payment system. The truth is that Bitcoin is both. It is a currency and a payment system. A currency is […]
The Advantages And Disadvantages Of Using BitcoinThe Advantages And Disadvantages Of Using Bitcoin
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Cryptocurrency is a new form of money that is rapidly gaining popularity. The value of this type of money is based on the market value of the cryptocurrency. This type of money is also referred to as virtual currency, digital currency, or electronic currency. Bitcoin is one such form of cryptocurrency. It was introduced in […]
Understanding BitcoinUnderstanding Bitcoin
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The term cryptocurrency has been around since 2008. It was first coined by Wei Dai, an American computer scientist and cryptography expert who was also the inventor of b-money. The name cryptocurrency comes from the Latin word for coin, which means something that is worth money. The concept behind it is to use cryptography to […]
BitcoinBitcoin
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Cryptocurrency is a term that was coined by a pseudonymous person or persons who created Bitcoin, an online currency that uses peer-to-peer technology to facilitate instant payments. It is a digital currency and it has no central bank or single administrator. The system works as follows: Bitcoins are created by using a process known as […]
Investing in BitcoinInvesting in Bitcoin
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Bitcoin is an innovative new technology that has gained significant popularity as a means of payment. This new form of currency is not controlled by any central bank or government, and can be exchanged between users through peer-to-peer transactions. It is also the first decentralized digital currency, meaning there is no central authority controlling the […]
What Is Cryptocurrency?What Is Cryptocurrency?
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The term cryptocurrency has been around for about 10 years, but it was only in 2008 that it became widely used. It is a form of digital currency that is not controlled by any central authority. This means that it is not backed by any government or bank. Cryptocurrency is also known as digital money, […]
Bitcoin – What Is It?Bitcoin – What Is It?
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What is Bitcoin? It’s a digital currency, which was created in 2009 by an unknown person (or group of people) using the pseudonym Satoshi Nakamoto. It is a decentralized system based on peer to peer networking and cryptography. It’s also a distributed ledger that uses a public database to record transactions. The transactions are verified […]
What Is Ether?What Is Ether?
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Ethereum is a decentralized platform that runs smart contracts. Smart contracts are programs that automatically execute the terms of an agreement, when certain conditions are met. The Ethereum network is the largest public blockchain network in existence. The network is open to anyone with a computer and internet connection. Anyone can join the network and […]
Learn About BitcoinLearn About Bitcoin
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Cryptocurrency has become a very popular topic lately. It is the buzzword of the day and everybody wants to know more about it. Cryptocurrency is the use of digital currencies, which are encrypted so that they cannot be traced or hacked. These currencies can be used for different purposes like trading, paying bills, making purchases […]