Getting started with Bitcoin shouldn’t be difficult and to help out, we’ve created a detailed introduction to bitcoin for beginners that will make things easier. Everything you need to know about bitcoin and cryptocurrency is found below. What is bitcoin and how does it work, what are blockchains, Bitcoin miners (and how does Bitcoin mining work), and how do cryptocurrencies work? These are just some of the questions we’ll try to answer.
Throughout history, people have used a variety of methods to exchange value between each other. At the beginning, people transacted with commodities with an intrinsic value such as livestock, seeds, gold, and silver. Less valuable commodities were also used, such as cowry shells or beads.
These methods of transactions were gradually replaced by coins and paper money. Later on, commodity-backed money appeared, which consisted of items representing the underlying commodity (for instance: gold certificates).
For the longest time, currencies were privately issued; governments did not claim a formal monopoly over the issue and use of money within their territories- and people were free to transact in the way the deemed proper.
Continue reading A Beginner’s Guide to Bitcoin: Introduction to the Cryptocurrency world
Bitcoin vs Bitcoin Cash – what is this? If you’re just entering the cryptocurrency sphere in 2018, you’re in for a treat. The past year has been one of the most exciting years in the crypto-scene, full of drama, scams, forks, and new and often confusing regulations. If you’re just starting to read up on things, the chances are, you’ll encounter chaos as you’ve never faced before, and the difference between BTC vs BCH is one of the things you should learn first.
Booming and crashing markets, thousands of different tokens and coins, different block chains, scaling technologies, fake news, millions of new blogs popping up everywhere — all in all, it’s just one big mess. On top of that, after getting spammed about Bitcoin over and over again, you finally decide to see what’s all this fuss about, and you come to learn that there’s more than one Bitcoin?
What kind of sorcery is this? Here you go – a comparative study of Bitcoin vs Bitcoin cash!!
Continue reading Bitcoin vs Bitcoin Cash – A Comparative Study
Why invest in Bitcoin?
We are at the forefront of another “dot-com” boom. The entire cryptocurrency market is breaking all-time highs across the board. Bitcoin is now one of the 30 or so largest currencies in the world, and all across the world, people are looking to invest in bitcoin.
According to the 2017 study done by the Cambridge Centre for Alternative Finance, the Global cryptocurrency benchmark study, the current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million and between 5.8 million and 11.5 million wallets are estimated to be currently ‘active’.
Are we in a bubble? Definitely.
But that statement doesn’t say anything, does it? For example, at what stage of the bubble are we at the moment? Well, let’s look at the numbers.
Continue reading How to Invest in Bitcoin: A Guide for Beginners (2018)
If you need an alternative method to centralized exchanges for buying Bitcoin your answer might be LocalBitcoins. The site provides a peer-to-peer marketplace for users to get together, buying and selling Bitcoin without oversight from centralized exchanges or financial institutions.
Continue reading Beginner’s Guide to LocalBitcoins: Complete Review
What is Bitcoin mining? Mining is the process by which new bitcoins are created and simultaneously, the way the bitcoin system is secured. Through mining, bitcoin transactions are validated and cleared. Mining is a sort of decentralized clearinghouse because it secures the bitcoin system and enables a network-wide consensus to be achieved without a central authority or a trusted third party. It is the invention that makes cryptocurrencies revolutionary. Well, technically, Bitcoin is an emanation of an ingenious solution to the double-spending problem and the Byzantine Generals’ Problem. And here you will find out how to mine Bitcoin.
Continue reading How to Mine Bitcoin: The Ultimate Guide to Start Mining Bitcoins
Bitcoin is often regarded as an anonymous cryptocurrency because it is possible to transmit and accept bitcoins without giving anyone your personally identifying information. While this is true, the current version of the protocol is not exactly anonymous.
When Bitcoin was first introduced in 2009, its creator Satoshi Nakamoto envisioned it to be a private and secure protocol for transfer of value over the Internet. Before 2014, the general public didn’t really understand how the blockchain technology operates; there was very little information on the Internet and the limited info that was available was usually catered to developers/cryptographers who already knew a lot about the technology.
Continue reading How to Use Bitcoin Anonymously
Nima Tabatabai, an MBA student of the Westminster Business School, London, UK, has disagreed with a recent Financial Times (FT) article that chronicled the opinions of some MBA students regarding Bitcoin and blockchain technology.
In a letter, Tabatabai expressed disappointment at apparent lack of insight shown by the responders quoted by the article. He countered most of the arguments and statements made by fellow MBA students as presented in the article.
Continue reading Bitcoin will be Unaffected by Regulations in the Long Term
Those who prefer some privacy, yes even anonymity when buying Bitcoin should be aware of the BitQuick exchange. BitQuick is a simple peer-to-peer Bitcoin marketplace owned by the same company as the Athena Bitcoin ATM network. As you can probably guess, this company has a high regard for anonymity in cryptocurrency purchases and sales. Just like you can go to a Bitcoin ATM and anonymously buy Bitcoin, you can also go online and anonymously purchase Bitcoin through the BitQuick marketplace.
Continue reading Beginner’s Guide to BitQuick: Complete Review
Huawei, the third-largest smartphone manufacturer in the world, is set to launch a Bitcoin wallet app for its range of smartphones. According to reports, the company is partnering with BTC.com to provide the latter’s Bitcoin wallet for Huawei smartphone users. BTC.com is a subsidiary of Bitmain Technologies, the world’s largest Bitcoin mining hardware manufacturer. This announcement is in keeping with the company’s latest foray into the world of cryptocurrency and blockchain technology. New Huawei smartphones will come as part of the pre-installed Huawei AppGallery.
Continue reading Huawei Smartphones to Come with Pre-Installed Bitcoin Wallets
While stopping short of a full-suite cryptocurrency exchange, Goldman Sachs is to begin trading contracts linked to the price of Bitcoin with clients. Using its own money to commence operations, Goldman Sachs is the latest Wall Street powerhouse to capitulate and attempt to make sense – and profits – out of Bitcoin.
A hale and respected company that is almost synonymous with Wall Street, Goldman Sachs has satisfied itself of the merits of the venture and it appears they will enable the very first Bitcoin trading operation run by a Wall Street bank. Commentators are still abuzz over the move as, a mere few months ago and certainly a year or two ago, no self-respecting formal banking sector member would do anything but sneer at virtual currencies.
Continue reading Goldman Sachs – The New Bitcoin Ambassdor