The Basics of Cryptocurrency

A cryptocurrency is a peer to peer digital currency that is exchanged by using certain principles of cryptography. It can be used as a normal fiat currency such as the US$ or currency in the country that a person stays but with the big difference being it is not regulated at all by any bank. […]

Crypto Currencies vs Digital Currencies

Crypto currencies are digital currencies that have been created through cryptography and the main attraction of using crypto currencies is the anonymity and lower fees. A digital currency is a currency that represents any fiat currency that is used to transfer between banks but generally attracts high fees from the banks and it is absolutely […]

The Characteristics of Cryptocurrencies

Cryptocurrencies are getting better known every day with more people investing in the different currencies and using them for transactions because of the various advantages that they represent such as have no bank regulations etc, but few people actually understand the characteristics of how they are formed because they are not printed notes. Creation of […]

What is Bitcoin?

BTC, short for Bitcoin, is a decentralized virtual currency that was invented by Satoshi Nakamoto. The anonymous inventor or group published a white paper in 2008 as a proof of concept, then released it as open-source prototype software in 2009. Bitcoin uses peer-to-peer technology to operate without a central authority or banking institution; managing transactions […]

What is bitcoin mining?

How to mine bitcoin? Mining bitcoins is a relatively straightforward process. If you don’t wish to delve into the details or learn how to optimally configure your bitcoin mining hardware, you can easily just download bitcoin mining software, start it up on your computer, and you’re already mining bitcoin. You could even start mining a […]

How to buy bitcoin?

As bitcoin continues to gain popularity, there still remains one of biggest hurdles for adoption from the early days – Buying your first bitcoins. Since becoming more mainstream, services have popped up all over the place giving the average Joe more and more of a reason to try out bitcoin, even if it is just […]

Legality of Bitcoin & cryptocurrency

Bitcoin and other cryptocurrency is a new technological innovation that has not yet been fully implemented into the legal framework of many countries across the globe. There are many legal aspects of Bitcoin and cryptocurrency in general to consider. The laws that apply to Bitcoin typically apply to other cryptocurrency, the umbrella term Virtual Currency […]

How to store your bitcoins?

This article is going to discuss the many ways of storing your bitcoin. There are many ways of bitcoin storage and many different types of wallet software. Storing bitcoins does not involve storage of actual bitcoins per se, but involves the safe storage of the private key to the wallet addresses. Bitcoin works based on […]

how is the price of cryptocurrency defined?

Introduction Cryptocurrency is a new revolutionary type of currency. Like any other currency or unit of account, they only have value because people think it has value. Some currencies are backed by gold or other precious metals; others are backed by nothing but hot air although have value because people think it has value and […]

Why do you need a paper wallet?

One of the challenges facing bitcoin’s adopters around the globe is storage. How exactly are you supposed to keep your bitcoins secure if you plan on keeping a significant amount in one wallet? Well, the answer for most will be a paper wallet. Due to the ingenuity of the cryptographic principles bitcoin was built upon, […]

What Profit can I earn with bitcoin mining?

There are ways to profit with bitcoin mining. Ways to earn from bitcoin mining typically involve upfront investment of mining hardware. Raw mining earnings are calculated by mining power of your bitcoin mining hardware, measured in hashes per second, and the current difficulty and block reward of the bitcoin network. Most modern hardware measures its […]

What are the benefits of using bitcoin as a payment system?

There are many benefits to using Bitcoin as a payment system. This article will discuss the advantages for buyers and merchants to using Bitcoin as a payment system, and it will also discuss escrow services, the future of Bitcoin in commerce, potential drawbacks, and a summary on the benefits. Bitcoin offers many advantages over traditional […]

What are the differences between bitcoin and the traditional banking system?

Introduction This article is going to discuss the differences between bitcoin and the traditional banking system. There are many differences between the two in the fundamentals of how they operate, how money is distributed and ‘created’, and how the units of account are stored. The Traditional Banking System The traditional banking system works on regular […]