Computers-and-Technology If you have been asleep for about five years and haven’t heard about Bitcoin yet, it’s time to wake up. In a very short period of time, Bitcoin has garnered a total value in the billions and is gaining in populartity in every country in the world. People ask why and for what reason does this currency’ merit any attention whatsoever? How is it different from any paper-based currency we use today? And the question on everyone’s mind is, "Is this just a passing fad? Some myths and fallacies that we address here in an effort to provide you with a little more insight into Bitcoin and digital currencies, why they exist and where they are going. First question is, what is Bitcoin? It is a peer to peer transaction chain that can be held and is designed to be used for spending on goods and services. More technically, it is a string of values using the strongest encryption we have to date where the record is kept transparently, securely and anonymously with redundancy throughout the Internet. The blockchain’ is the source of bitcoin and the store of transactions for all Bitcoin. This constant string of values is processed or mined to match independent transactions and when new Bitcoin are discovered, they delivered to the miner that found the matching transactions. There are many pools (private and public) that group together efforts to mine for Bitcoin and other digital currencies and even though there are individual miners, these pools make up the majority of the petaflops currently being hashed which is devouring the network in search of (string values to match. Don’t know mining, not technical and don’t know where to start, but you want to earn Bitcoin. Maybe you do understand Bitcoin, digital currencies and how it works but still need assistance with developing a plan to earn Bitcoin. There are multiple resources where you can find information on how to start generating Bitcoin. The best we have found so far is, but do your homework as there are a lot of sites being developed devoted to Bitcoin. Here is a short video from bitboxy explaining the basics of Bitcoin and digital currency Be sure to research and understand where the best entry point into Bitcoin is. If you are already conducting business in Bitcoin, there are plenty of ways to improve and become more efficient. About the Author: 相关的主题文章: