WHAT IS BITCOIN?
Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias Satoshi Nakamoto.
Individual Bitcoins are created by computer code, with a maximum number than can exist of just under 21 million.
There are currently around 16 million in circulation.
Transactions are made without middle men, so there are no transaction fees and no need to give your real name.
More businesses are beginning to accept them and in some parts of the world you can even buy pizza with Bitcoins.
You can set up a virtual wallet websites like Blockchain to store, keep track and spend your digital money.
You are also able to purchase Bitcoin through an online exchange or Bitcoin ATM.
To find merchants that accepts Bitcoin in the UK click here.
Bitcoins aren’t printed, like pounds, dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world.
It’s the first example of a growing category of money known as cryptocurrency.
Bitcoin is attractive to some users because of its anonymity, as well as its lack of government control.
The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing with authorities seizing millions of dollars worth of Bitcoin during the raids.
Individual Bitcoins are created by computer code, with a maximum number than can exist of just under 21 million.
There are currently around 16 million in circulation.
Transactions are made without middle men, so there are no transaction fees and no need to give your real name.
More businesses are beginning to accept them and in some parts of the world you can even buy pizza with Bitcoins.
You can set up a virtual wallet websites like Blockchain to store, keep track and spend your digital money.
You are also able to purchase Bitcoin through an online exchange or Bitcoin ATM.
To find merchants that accepts Bitcoin in the UK click here.
Bitcoins aren’t printed, like pounds, dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world.
It’s the first example of a growing category of money known as cryptocurrency.
Bitcoin is attractive to some users because of its anonymity, as well as its lack of government control.
The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing with authorities seizing millions of dollars worth of Bitcoin during the raids.
How do Bitcoins work?
The value of Bitcoin, like all currencies, is determined by how much people are willing to exchange it for.
To process Bitcoin transactions, a procedure called 'mining' must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of Bitcoin is processed.
In addition, the miner is rewarded with new Bitcoin.
To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.
There are currently about 16 million in existence.
The Bitcoin protocol – the rules that make Bitcoin work – say that only 21 million Bitcoins can ever be created by miners.
However, these coins can be divided into smaller parts with the smallest divisible amount one hundred millionth of a Bitcoin.
This is called a "Satoshi", after the founder.
To receive a Bitcoin, a user must have a Bitcoin address - a string of 27-34 letters and numbers - which acts as a kind of virtual post box.
Since there is no register of these addresses, people can use them to protect their anonymity when making a transaction.
These addresses are in turn stored in Bitcoin wallets, which are used to manage savings.
To process Bitcoin transactions, a procedure called 'mining' must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.
For each problem solved, one block of Bitcoin is processed.
In addition, the miner is rewarded with new Bitcoin.
To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of new Bitcoins are produced each day.
There are currently about 16 million in existence.
The Bitcoin protocol – the rules that make Bitcoin work – say that only 21 million Bitcoins can ever be created by miners.
However, these coins can be divided into smaller parts with the smallest divisible amount one hundred millionth of a Bitcoin.
This is called a "Satoshi", after the founder.
To receive a Bitcoin, a user must have a Bitcoin address - a string of 27-34 letters and numbers - which acts as a kind of virtual post box.
Since there is no register of these addresses, people can use them to protect their anonymity when making a transaction.
These addresses are in turn stored in Bitcoin wallets, which are used to manage savings.
A Beginner’s Guide To Bitcoin & Blockchain Technology [Infographic]
Bitcoinfy.Net Provides Vivid Information About Cryptocurrencies And Bitcoin In Detail.
Checkout This Infographic On “A Beginner’s Guide To Bitcoin & Blockchain Technology” To Get A Detailed Information On “What Bitcoin Is? And How Does It Work?
Checkout This Infographic On “A Beginner’s Guide To Bitcoin & Blockchain Technology” To Get A Detailed Information On “What Bitcoin Is? And How Does It Work?
![A Beginner’s Guide To Bitcoin & Blockchain Technology [Infographic]](/uploads/2/4/3/0/24302407/a-beginner-s-guide-to-bitcoin-blockchain-technology-infographic_orig.png)
Interested In Knowing About Bitcoin? Click on above link for “A Beginner’s Guide To Bitcoin & Blockchain Technology”
WHAT IS BLOCKCHAIN?
To put it simply, blockchain enables decentralized transactions across a P2P network. There is no need for a middleman, resulting in almost instantaneous operations and most importantly, low fees. Plus, transactions carried out through a blockchain are much more secure, transparent, and private.
Blockchain technology is probably one of the most impactful discoveries in the recent history. After all, it has a massive potential to change how we handle online transactions. Despite some skeptics, the majority of experts agree that blockchain has the potential to disrupt the banking and financial industry, and many other ones!
Blockchain technology is probably one of the most impactful discoveries in the recent history. After all, it has a massive potential to change how we handle online transactions. Despite some skeptics, the majority of experts agree that blockchain has the potential to disrupt the banking and financial industry, and many other ones!
16 Blockchain Disruptions (Infographic)
This infographic will help you understand how the blockchain technology can and will improve 16 different industries, from music to government. So click on the above image and find out what their future will look like.
BITCOIN MINING POOLS
Bitcoin mining pools
Where can I buy Bitcoin and how much is it worth?
Several marketplaces called “Bitcoin exchanges” allow people to buy or sell Bitcoins using different currencies.
Japan-based Mt Gox is the largest Bitcoin exchange. It was launched in July 2010, and by 2013 was handling 70 per cent of all Bitcoin transactions.
People can also send Bitcoins to each other using mobile apps or their computers in the same way people send cash digitally.
The value of Bitcoin has fluctuated wildly since they were introduced and have reached a record high.
In 2013 when they first came to public attention, the value soared by 10,000 per cent before the price crashed.
A year ago in September 2016, a Bitcoin was being traded for around £469.
In March 2017 the price exceeded the value of an ounce of gold for the first time - then around £940.
In October 2017, a Bitcoin is traded for more than £4,000, according to currency tracker XE.com.
Japan-based Mt Gox is the largest Bitcoin exchange. It was launched in July 2010, and by 2013 was handling 70 per cent of all Bitcoin transactions.
People can also send Bitcoins to each other using mobile apps or their computers in the same way people send cash digitally.
The value of Bitcoin has fluctuated wildly since they were introduced and have reached a record high.
In 2013 when they first came to public attention, the value soared by 10,000 per cent before the price crashed.
A year ago in September 2016, a Bitcoin was being traded for around £469.
In March 2017 the price exceeded the value of an ounce of gold for the first time - then around £940.
In October 2017, a Bitcoin is traded for more than £4,000, according to currency tracker XE.com.
Electroneum is a leap forwards in the accessibility of cryptocurrencies.
It’s common for cryptocurrencies to talk about seeking mass adoption. It’s far less common for them to make tangible progress towards that goal.Step 1: Finding the usersElectroneum aims for 10s or even 100s of millions of users and has a clearly defined route to market.
We have signed agreements in place giving access to over 100m smartphone users via mobile operators (the companies that provide airtime and data to your smartphone).
Electroneum is also the first cryptocurrency to secure membership of the GSMA as part of our strategy to expand via this sector.
The viral appeal of Electroneum is immense. When a user downloads the Electroneum app they can experience mining their first Electroneum coins straight into their wallet in minutes. By allowing users to earn a handful of ETN coins per month for just being part of the Electroneum community, we can quickly grow Electroneum to be the largest used cryptocurrency in the world. Please view my full blog @
http://www.reddragonls.co.uk/blog/electroneum-the-mobile-cryptocurrency
We have signed agreements in place giving access to over 100m smartphone users via mobile operators (the companies that provide airtime and data to your smartphone).
Electroneum is also the first cryptocurrency to secure membership of the GSMA as part of our strategy to expand via this sector.
The viral appeal of Electroneum is immense. When a user downloads the Electroneum app they can experience mining their first Electroneum coins straight into their wallet in minutes. By allowing users to earn a handful of ETN coins per month for just being part of the Electroneum community, we can quickly grow Electroneum to be the largest used cryptocurrency in the world. Please view my full blog @
http://www.reddragonls.co.uk/blog/electroneum-the-mobile-cryptocurrency
Click above gif to join and earn bonus coins
BESTCHANGE.COM
BestChange.com – A free online service for finding electronic money exchangers, online banking and money transfers. There are more than 50 exchangers registered at BestChange and the service receives information about currency exchange rates and commission fees from each of them in real time.
Crypto Kings (Infographic)
Some of them earned a real fortune by investing in and trading with cryptocurrencies, while some of them are the creators of some of the most popular cryptocurrencies we know today. Check out the infographic below to learn all about these people, their contribution to the cryptocurrency world as we know it, as well as what they’ve gained from those endeavors.
Click on above image for the Crypto Kings (Infographic) link
ALIBABA GROUP
|
 |
|
Enter bitcoindood.com
The Dood Likes Bitcoin !It's all about the Bitcoin and cryptocurrency.
News,
Faucets,
and so much more !
Welcome to the Bitcoin Dood cryptocurrency pages link. These pages are about all things cryptocurrency related; the site is a work in progress and is constantly being updated and changed around. Check out the news aggregator for the latest news from the crypto world. New faucets are always being added to the faucets page so check that page often if you like earning free cryptocurrency. The blog gets updated regularly with site and product reviews, coin launch notices, interviews, and the occasional OpEd piece by The Dood.
News,
Faucets,
and so much more !
Welcome to the Bitcoin Dood cryptocurrency pages link. These pages are about all things cryptocurrency related; the site is a work in progress and is constantly being updated and changed around. Check out the news aggregator for the latest news from the crypto world. New faucets are always being added to the faucets page so check that page often if you like earning free cryptocurrency. The blog gets updated regularly with site and product reviews, coin launch notices, interviews, and the occasional OpEd piece by The Dood.
|
|
|
What is a cryptocurrency like Pandacoin, Bitcoin, Litecoin and Dogecoin? After-all, doesn’t money have to be backed by a government or a commodity like gold to be worth anything? What are crypocurrencies, and how are they made?
A cryptocurrency is a digital currency stored in digital form on what is called a “blockchain”, distinct from traditional currencies which are represented in physical form with paper/plastic notes or metal coins. The blockchain can be understood as a digital public ledger which tracks coins coming into existence, and coins moving from place to place. This digital currency in the form of information is created through the process of solving algorithms. That is, you start off with an algorithm or formula which contains the information in question, which is then solved.
A cryptocurrency is a digital currency stored in digital form on what is called a “blockchain”, distinct from traditional currencies which are represented in physical form with paper/plastic notes or metal coins. The blockchain can be understood as a digital public ledger which tracks coins coming into existence, and coins moving from place to place. This digital currency in the form of information is created through the process of solving algorithms. That is, you start off with an algorithm or formula which contains the information in question, which is then solved.
58 Insane Facts About Bitcoin
10 YEARS OF THE WORLD WITH BITCOIN.
INFOGRAPHIC LINK BELOW
INFOGRAPHIC LINK BELOW
Please click above image for the full infographic facts list
Bitcoin Dude Twitter
Bitcoin is a currency with an open source online payment system.
This is a software based system that does not use banks;
the next generation of cryptocurrency/digital currency.
The links above will explain all.
BELOW THERE ARE LINKS TO ALIEXPRESS,
HAVE A LOOK WITH NO OBLIGATION
TO PURCHASE ANY PRODUCTS
Blockchain wallet and info
|
|
|
|
|
|
BITCOIN NEWS
news/bitcoin.com
mmpool.org
|
PINTEREST BOARD ON FOOTER
|
|
2015 Phoenix LINK + Assembly started to promote the "Internet +" concept floor - tech.ifeng.com
ALIBABA GLOBAL
Click on top image for Alibaba Group link
alibabaseo.com
