Step 1 – Understanding Bitcoin and Blockchain Bitcoin is a peer-to-peer payment system, otherwise known as electronic money or virtual currency. It offers a 21st century alternative to brick and mortar banking. Exchanges are created through “e-wallet software”. Bitcoin has actually destroyed the traditional banking system while operating outside government regulations. Bitcoin uses sophisticated cryptography, …
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Definition of Bitcoin
Bitcoins are known as the first decentralized digital currency, they are basically coins that can be sent via the Internet. 2009 is the year Bitcoin was born. The name of the creator is unknown, but Satoshi Nakamoto alias was given to this person. The benefits of Bitcoin. Bitcoin transactions are made directly from person to …
The Future of Blockchain Technology in the Insurance Industry – Blockchainerge
What is insurance? Insurance is a method of protection against financial loss. It is a type of risk management, which is basically used to support against the danger of an unforeseen misfortune. An insured can report a mishap or complaint to a broker and submit the necessary information to the insuring specialist, especially the insurer, …
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What is Bitcoin?
Bitcoin has become a very familiar and popular form of currency over time. Although, what is Bitcoin actually? The following article will go on the inside and outside of this coin which pops up from somewhere and spreads like wildfire. What makes it different from ordinary currency? Bitcoin is a digital currency, it is not …
The easiest way to buy and invest in Bitcoin
What is Bitcoin? Bitcoin is a decentralized, peer-to-peer, digital currency system designed to enable online users to process transactions through the digital unit of the exchange known as Bitcoin. In other words, it is a virtual currency. The Bitcoin system was created in 2009 by an unpublished programmer. Since then, Bitcoin has gained widespread attention …
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Everything you need to know about using Litecoins
Litecoins are a type of cryptocurrency that has grown in popularity in response to the demand for alternative currency options from consumers around the world. This currency works much like the standard world currency. Traders and investors have realized that there is a huge potential to offer this currency and it is widely traded by …
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Crypto Trend – Fifth Edition
As we expected, since the release of Crypto TREND we have received many questions from readers. In this version we will give the most common answer. What kind of change is coming that could be a game changer in the cryptocurrency sector? One of the biggest changes that will affect the cryptocurrency world is an …
Bitcoin Mining and Security, Part 1
Now a major concern is to make sure that our files are protected and that no one can change the mentioned file and claim that their address contains more cryptocurrency (bitcoin, etherium, lightcoin, etc.) than they actually own. This is where “mining” works as a solution Basically, we have a network that sends thousands of …
Blockchain and IoT – How "Crypto" Probably going to Herald Industry 4.0
Although most people are beginning to learn about “blockchain” simply because of Bitcoin, its roots – and its applications – go much deeper. Blockchain is a technology in itself. It empowers Bitcoin, and this is why * many * new ICOs have flooded the market – creating an “ICO” is ridiculously easy (no barriers to …
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Changing Trends in Enterprises, Entrepreneurship, and Employment
Industrial transformation… Before the industrial revolution, families sustained themselves through farming and other trades and crafts including carpentry, cloth production, and metalwork based upon proximity to sources of materials and supplies. In this context, the term “trade” refers to an occupation. Because such activities could be performed at home, and often augmented farmwork, families flourished …
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