Bitcoin & The Blockchain

Posted by himeed49 on in Bitcoin & The Blockchain

There are a number of methods to choose from if you’re deciding to get on board with Bitcoin investment. Before you can start using bitcoins you need to set up a digital wallet. This is a computerized "wallet" where you can store bitcoins and works in a similar way to a bank account.

The main difference between a digital wallet and online banking is that only you have access to the wallet - with a bank account the bank can access your account and may be allowed to share that information with tax and other authorities.

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Posted by himeed49 on in Bitcoin & The Blockchain

Cryptocurrency, or electronic Currency, is the invention of the Internet. Fundamentally, someone in there believed, hey, what if we could create a system where money isn't bound by geography, like the World Wide Web.

Today we've got over a thousand of crypto currencies going around. Some are fairly useless to keep as they're perceived as worthless - any cryptocurrency is only as valuable as the value assigned to it with a mass audience. Similar to any other assets, its cost may rise and fall fast, which makes them extremely volatile and risky investments. Below are the most important crypto currencies.

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Ever since it was first launched in 2009, Bitcoin has been spawning legions of imitators. Many are exact clones of Bitcoin. Others have improved and refined some aspects of Bitcoin's design.

If the recent Bitcoin hype has compelled you to investigate cryptocurrency, the coin you've probably heard mentioned most often is Ethereum.

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What is bitcoin and why is so popular?

Bitcoin is widely accepted as being the first cryptocurency or virtual currency. The concept was first conceived by an unidentified group of programmers known as Satoshi Nakamoto in 2008. In 2009 it was made available as open source software.

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