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PURPOSE OF BITCOIN

For the first time ever in human existence, we have a secondary option to a non-governmental controlling currency. These are the digital currencies known as the cryptocurrencies which are gaining huge popularity in the recent times. One such digital currency is Bitcoin, the first ever and most famous cryptocurrency with a large market cap. The […]

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BITCOIN WALLET

Unlike most traditional currencies, Bitcoin is a digital currency. Therefore, the approach to this kind of currency is totally different, especially when it comes to storing and acquiring it. Bitcoins are stored in a virtual, digital space called the Bitcoin wallets. What is a Bitcoin wallet? A Bitcoin wallet is a piece of software/hardware that […]

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CRYPTOCURRENCIES

The technology is so rapidly advancing now a days that it has brought some major changes in the society. One major development in the economy and finance sector is the invention of cryptocurrency. It has influenced the way of transactions and trading business. A cryptocurrency is a virtual/digital currency, that uses encryption techniques to safeguard, […]

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HISTORY OF BITCOIN

The concept of Bitcoin began in the year 2007 and the first Bitcoins came into existence in the year 2009. The technology that it is built on, traces back even further. It is surmised to be initiated by unknown figure, Satoshi Nakamoto. Though Bitcoin is the first established currency, there were many attempts before at […]

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BITCOIN MINING

Bitcoin, the first ever created cryptocurrency, functions as a peer-to-peer network. All the users of the Bitcoin have a share of the Bitcoin bank. But the question is, where are Bitcoins generated from? A government decides when to mint and distribute money with a paper currency. Unlike traditional currencies, Bitcoin has no regulatory authority, nation, […]

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