Bitcoin is a cyber currency that has received a lot of media attention over the past few years and continues to do so. Bitcoin was created by an anonymous group or individual in 2009 who used the pseudonym Satoshi Nakamoto, after whom the smallest unit of Bitcoin currency is named. It is the first and…

What is Bitcoin? Answer: Bitcoin is a digital product (payment method/currency/commodity/digital gold) that was created in 2009. Who Owns Bitcoin? Answer: Bitcoin is a network. It is not owned by a single person or bank. The creator of Bitcoin is called Satoshi Nakamodo. How does the value of Bitcoin grow? Answer: There are many factors…

Although most people only started learning about “blockchain” thanks to Bitcoin, its roots – and applications – go much deeper than that. Blockchain is a technology in itself. It powers Bitcoin and is essentially the reason *so many* new ICOs flood the market – creating an “ICO” is ridiculously easy (no barriers to entry). The…

Technology is advancing by leaps and bounds. Daily introduces new conditions and systems for business and communications. The Internet has been a major contributor to this progress; especially when it comes to the field of business. Online trading or online currency trading has recently attracted many traders. One of the common forms of online trading…

This year, the value of Bitcoin has soared, even above one ounce of gold. There are also new cryptocurrencies in the market, which is even more surprising, increasing the value of cryptocurrencies to more than a hundred billion. On the other hand, the long-term outlook for cryptocurrency is somewhat clouded. There is controversy about the…

In 2008, after the financial crisis, an article titled “Bitcoin: A Peer-to-Peer Electronic Cash System” was published detailing the concepts of a payment system. Bitcoin was born. Bitcoin caught the world’s attention with its use of blockchain technology and as an alternative to fiat currencies and commodities. Dubbed the next best technology after the Internet,…

In the times we live in, technology has made incredible advances compared to any time in the past. This evolution has redefined human life in almost every aspect. In fact, this evolution is a continuous process and thus human life on earth is continuously improving day by day. One of the latest inclusions in this…

Bitcoin is known as the first decentralized digital currency, they are basically coins that can be sent over the internet. 2009 was the year Bitcoin was born. The creator’s name is unknown, but the pseudonym Satoshi Nakamoto is given to this person. Advantages of Bitcoin. Bitcoin transactions are done directly from person to person over…

“Crypto” – or “cryptocurrencies” – are a type of software system that provides transactional functionality to users via the Internet. The most important feature of the system is their decentralized nature – usually provided by blockchain database system. Blockchain and “crypto-currencies” have recently become staples of the global zeitgeist; usually as a result of the…

Bitcoins are a decentralized form of cryptocurrency. This means that they are not regulated by a financial institution or government. As such, unlike a traditional bank account, you do not need a long list of documents such as an ID card to be able to create what is known as a Bitcoin wallet. A bitcoin…