Posts

Javi Virk | What Is Bitcoin And How To Learn About It?

Image
  Javi Virk  Javi Virk - Bitcoin is a decentralized digital currency which is owned by none. Government has no control over it. It uses peer to peer networking and cryptographic proofs to operate the system. Javi Virk - The system is controlled and made fraud free by recording transactions in block chain, a public history record, once they are validated with a proof of work system. The network began operating in 2009 and is a concept involving virtual currency which has no link to government regulated currency. The Bitcoin system has few advantages like: • It is less expensive to operate and use this virtual money. • It can be instantaneously transferred throughout the world and there will be no transaction fees. Moreover, you can use it and transfer it anonymously as well. • Like other currencies, the quantity of this virtual money is fixed and no one has the right to create new Bitcoins. However, people can mine Bitcoins but there is a limit to it and mining Bitcoins is not at all ch
Post a Comment
Read more

Javi Virk | What Is Bitcoin and Crypto ?

Image
  Javi Virk — Bitcoins have become a very well known and popular form of currency over time. Though, what exactly is Bitcoin? The following article will go over the in’s and out’s of this currency that popped up out of no where and spread like a wildfire. What makes it different from normal currencies? Javi Virk Bitcoin is a digital currency, it is not print e d and never will be. They are held electronically and nobody has control over it either. Their produced by people and businesses, creating the first ever form of money known as cryptocurrency. While normal currencies are seen in the real world, Bitcoin runs through billions of computers all around the world. From Bitcoin in the United States to Bitcoin in India, it has become a global currency. However the biggest distinction it has from other currencies, is that it is decentralized. This means that no specific company or bank owns it. Who created it? Satoshi Nakamoto, a software developer, proposed and created Bitcoin. He saw it
Post a Comment
Read more