#Bitcoin has reached a new low today, dropping #below the $ 7,000 mark. This drop, represents a 51-day low, marking the most well-known #cryptocurrency’s #worst #quarter yet, according to reports. In fact, a report by CNBC says this price-drop has shaved off as much as $ 114 billion off its #value. Currently, as of 10.00 AM ET […]
Bank Innovation
EXCLUSIVE— With #bitcoin’s #price over $ 15,000, and continuing to #rise, it seems as though the #currency has finally hit its #mainstream moment. The currency’s price has more than doubled since the beginning of the year, and much of that spike has occurred just within the past couple of weeks. It has not gone unnoticed by […]
Bank Innovation
Making blockchains editable opens up financial systems to the potential for fraud, says author and investor Brian Kelly
BlockCypher’s Josh Cincinnati critiques a recent NYTimes article that suggested #bitcoin‘s immutable ledger of transactions is its weakness.
CoinDesk
Open source. From Digital Asset to Bitmain, the two-word phrase is the #blockchain rage.
CoinDesk
#OpenBazaar is becoming more than an illicit #market. New upgrades are being designed to attract more users and larger merchants.
fintech techcrunch
Alleged #bitcoin #creator Craig Wright is reportedly moving to secure #patents focused on #blockchain and digital currencies.
fintech techcrunch
Beneath the headlines, there’s arguably been the early stirrings of a sea change in the #blockchain industry.
fintech techcrunch
#Bitcoin is a new and innovative digital currency that can be accessible online, regardless of where you are. The bitcoin system is based on crypto-currency and it is acceptable all around the globe. Bitcoin works using a peer-to-peer (p2p) #technology and operates without the need of a central authority or a oversight body. Bitcoin is a valuable form of virtual currency, as there is only a maximum of 21 million units in the market at a certain time. Besides that, new #bitcoins are generated at a diminishing rate.
Compared to other online transaction systems like Paypal, bitcoin uses p2p which eliminates the need for a third party to complete the transaction. Using bitcoins will help you to save in terms of transaction costs. Especially for people and online businesses that make a large amount of virtual transactions, bitcoins can help you to reduce cost. Besides that, the currency is decentralized. What this means is that the currency is free from control of central authorities. Regular bank notes and coins are suppressed and controlled by statutory bodies which oversee the printing and distribution of real currencies to the public.
So how do you use bitcoins? First of all, you will need to create a bitcoin wallet. Bitcoin is a virtual currency, so you will have to keep it in an e-wallet. E-wallets are secure and easy to access and use. To get you started, you can start by signing up for a bitcoin wallet on the Internet. There are many service providers like My Wallet from http://blockchain.info which provides you with free e-wallet services.
To make bitcoins even more accessible, many companies are providing users with bitcoin wallet applications for smartphones. Selling and buying of bitcoins can now be completed with a tap on your smartphone. If you are an Android user, you will be able to find many mobile apps to sell and buy bitcoins on your Google Play Store.
To improve the security of your bitcoin wallet, most people download and install desktop clients to store their bitcoin transactions into their computers. After you start your bitcoin wallet, always remember to save the file and back it up from time to time onto your desktop. Unlike #banks, you are in-charge of the safety of your currency and money. The Satoshi Client is widely used by bitcoin users as it has been in the market since 2009.
You can sell and but bitcoins after you have your wallet. There are a variety of methods that can help you obtain this virtual currency. You can purchase bitcoins from various sellers, receive it from business transactions, doing simple task and work to gain free bitcoins and you can carry out bitcoin mining. Bitcoin has been growing in demand over the years and the demand is expected to grow even stronger with the depreciation of real currencies. If you want to understand more about the concept of bitcoin and how it can benefit you and your business, feel free to search the Internet for more information.
Find More Blockchain Articles
Reply