Bitcoins are released within the network and are solely monitored based on transactions embedded within the blockchain. Bitcoins cannot be made or created externally for it will not be recognized within the blockchain and what’s not recognized by the network of miners gets rejected by the protocol. Bitcoins can be obtained directly by solely one … Continue reading How and Where to Get Bitcoins?
You can buy Bitcoins in the following Chinese exchanges: 1. Huobi Huobi was one of the “Big Three” exchanges in the world, and it claims to have reached a record amount of 380,000 BTC traded daily on February 25, 2014. Their trading volume fell drastically when the Chinese government decided to implement the law against … Continue reading How to Buy Bitcoin in China
According to the Whattomine.com the highest profits could be acquired from mining the following cryptocurrencies: Zclassic(ZCL) - with current profitability of 177 percent and a 7-day profitability of 260 percent Zcash (ZEC) - with current profitability of 179 percent and a 7-day profitability of 131 percent Nicehash-Equihash - with current profitability of 150 percent and … Continue reading Best Alternatives to Bitcoin Mining
By a “Blockchain Simulator” if you mean a test environment where you can test different methods prior to executing them on a live blockchain where its impacts bear large-scale effects by trial and error, then certainly there are a couple of options you could try out. IBM Hyperledger: The IBM hyperledger eliminates the need for … Continue reading 5 Types of Blockchain Simulators
In this post, I’ll try to give you some information on fun activities you can do with Bitcoin besides gambling. Play games and earn Bitcoin Tremor Games - Tremor Games has many different flash games. You can earn 'Tremor coins' for playing games and when you have an amount large enough you can exchange it … Continue reading Fun Activities You can do With Bitcoin
The size of the blockchain is indeed a serious problem, but in relative terms as the cost for providing an immutable digital entity it is quite justified. I can wholeheartedly sympathize with your predicament with the blockchain size being too large to incorporate a node on your machine and as do many other people. I … Continue reading The Problem with Bitcoin Block Size
Like every investment, Bitcoin carries certain risks. I'll list all the risks that cross my mind below: 1. High volatility The price of Bitcoin is highly volatile. Typical 30-day volatility is around 40 percent and 90-day volatility is close to 70 percent. These swings in value are hard to stomach for many people. Although the … Continue reading What are the Risks of Bitcoin?
The first thing you'll need is a place to keep your currency. This would be similar to a fiat currency, which is stored in a wallet. There three types of Bitcoin wallets: Online wallets Mobile wallets Desktop wallets Depending on the mobility level you're looking for, different types of wallets will provide varying levels of … Continue reading How to Start Trading Bitcoin
Bitcoin exactly happens to be a token issued from the Bitcoin Blockchain, nothing more nothing less. This token may be programmed to execute different functions, hold different values and uses implicitly not to forget its ability to be divisible into a million portions for trade. The reason Bitcoin is so valuable today is that there … Continue reading The Difference Between Bitcoin and Traditional Currencies
One can invest in Bitcoin by either buying some themselves or by mining it successfully by setting up a node. Bitcoin is nothing more than a valuable token issued from the Bitcoin Blockchain. Acquisition of this token would have it such that you have invested in Bitcoin. Bitcoin is valuable because a lot of people … Continue reading How to Invest in Bitcoin