Author: Michael Rhys
What is Bitcoin? Decentralized Bitcoin, peer to peer, digital currency system, is designed to provide online users the ability to process transactions through a digital exchange unit known as Bitcoin. In other words, it is a virtual currency. The Bitcoin system was made in 2009 by a programmer that was not disclosed. Since then, Bitcoin has collected great attention and controversy as an alternative US dollar, euro and commodity currency such as gold and silver. Rise to Popularity Bitcoin has not received much attention in the business world and finance before 2009. It rose to stand out in the period…
Bitcoin has led the crypto world for so long, and so dominant that crypto and bitcoin terms are often used interchangeably. However, the truth is that the digital currency does not only include bitcoin. There are many other crypto currencies that are part of the crypto world. The purpose of this message is to educate our readers on cryptocurgences other than Bitcoin to provide them with a wide range of options to choose from – if they intend to create crypto-investment investments. So let’s start with the first name of our list, that is: LEDECIN: Launched in 2011, Ledcoin is…
Bitcoin brokers are becoming an important aspect of Bitcoin negotiation. When you receive the right broker, you will be on your way to get value for your money because they are often created at a predictable and descending rate. Over time, the numbers of Bitcoins created each year are often reduced by half until their emission totaled 21 million existing people. When it comes to this point, minors are taken care of exclusively by small transaction costs. Become a major payment system The system can process multiple transactions every second. Nevertheless, the system is not fully ready to reach the…
Bitcoin is a decentralized form of Crypto currency. That is, they are not regulated by financial institutions or the government. Thus, unlike traditional bank accounts, you don’t need a long list of documents such as ID so you can set what is known as Bitcoin wallet. Bitcoin wallet is what you will use to access your bitcoin and send Bitcoin to other individuals. How to set up an account You can get a Bitcoin wallet from a Bitcoin broker like Coinbase. When you open a wallet through a certified broker, you are given a Bitcoin address which is a series…