- Steem (STEEM) is a decentralized cryptocurrency that runs on the Steem blockchain and it can be bought and sold on the open market. - It is a custom blockchain responsible for rewarding content creators and site participants of steemit.com. - Steemit is a social network that looks and functions a ...
-An unexpected increase in your crytocurrency wallet and didnt know where the free coins came from, is mostly likely the result of an airdrop. -Airdrops can be delivered in ways like, forks, ICO purchases and freebies. - Sometimes an airdrop will occur if a team behind the blockchain project decides ...
A distributed ledger is a database or digital system for recording the transactions of assets in which the transactions and their details are recorded in multiple sites, institutions or geographies.
Beginners Guide to Bitcoins - It is digital currency. - not owned by a central government or a central bank - it is decentralized which means it can be sent from any point in the world to another. 1) Before a Bitcoin can be purchased a user must install a virtual "wallet" onto a personal computer ...
Bitcoin explained-CNBC A blockchain is a global online database that anyone with an internet connection can use. Unlike traditional databases — which are typically owned by big institutions — a blockchain doesn't belong to anyone; and with an entire network of people monitoring it, cheating the ...
Bitcoin is not owned by a central government or a central bank, still the relationship between Bitcoin and the law depends on how the digital currency is being used. Since, Bitcoin is a digital currency some countries support.
Research shows the creator of Bitcoin is Satoshi Nakamoto in 2009 but still it is a mystery. The intention is to build a digital currency and controlled digitally by software. It is created from bitcoin mining or adding transactions to a public ledger and it is fully controlled digitally.
Benefits of bitcoin-
- it is a digital currency
- not owned by a central government or a central bank.
- decentralized.
- it can be sent from any point in the world to another.
- need not wait for the bank transfer to clear.
Daily Cryptocurrency News are updated in some sites-
1. www.incrypts.com
2. www.coindesk.com
These two are the best sites to know updated Cryptocurrency New
Most Google searches for bitcoin-
1. South Africa
2. Slovenia
3. Netherlands
4. Australia
5. Singapore
6. Austria
7. Canada
8. Switzerland
9. Ghana
10. United Arab Emirates
copay is best Bitcoin wallet.
- available on iOS, Android, Windows Phone, Linux, Max OS X, and Windows.
- it’s easy to use.
- clean user interface.
- good choice for new Bitcoin users.
-good for businesses due to a shared account feature.
Tether is a cryptocurrency which is real currencies in a Blockchain market or stable coin. It has two tokens USDT and EURT, which were made as analogues of USD and EUR in a Blockchain world.
Binance is fast growing cryptocurrency exchange.
Binance has its own coin called Binance Coin, it is used to pay for fees, but can be traded as any other cryptocurrency.
DAICO stands for Development Assembly Inventory Control Operation. To make ICO's more secure by involving investors in the initial project development process, DAICO is suggested. The investors could influence how developers have access to the funds and investors can also vote to do away with the ...
KuCoin is a blockchain exchange platform, relatively new which has grown rapidly. KuCoin features are Financial Level Stability, System Security, Efficient Customer Service, Multiple Cryptocurrency Support. KuCoin Shares (KCS) are the official tokens for KuCoin, they serve as rewards for new and ...
Bitcoin- It is not owned by a central government or a central bank, it is a digital currency and first cryptocurrency.
It works as a digital money and can be sent from any point in the world to another. All the transaction details are stored in internet and there is no physical papers.
Bitcoin is digital currency and is not owned by a central government or a central bank. It can be sent from one person to another person in the world throught internet, even to an unknown person. All the transaction details are stored in internet and there is no physical papers.
Blockchain technology is advanced technology invented by man. It creates financial avenues for the world and also used to create a permanent, public, transparent ledger system for compiling data on tracking digital use.
Bitcoin also described as anonymous currency because it is possible to send and receive bitcoins without giving any personally information.It is also pseudonymous. Sending and receiving bitcoins is like writing under a pseudonym.
Bitcoin is not owned by a central government or a central bank. To say Legal bitcoin, still the relationship between Bitcoin and the law depends on how the digital currency is being used.
The Indian crypto ecosystem has come across a series of shaking events in the recent past which have caused the investors to re-evaluate their decision of investing their hard earned money into the uncertain yet lucrative sector of cryptocurrency.
Apart from Bitcoin and Ethereum, Litecoin (LTC) and Ripple (XRP) can be expected to be in wide use.
No other cryptocurrency has achieved the position of Bitcoin.
When I searched for the websites to buy bitcoin & other cryptocurrencies, I found the below websites are best-
Binance
Belfrics
BitMEX
KuCoin
Changelly
Coinbase
CEX.io
Bitfinex
Coinmama
Advantages of Bitcoin-
1. Quick and Easy payment
2. Transactions are highly secured
3. Decentralised
4. Information is transparent
5. Controlled by user.
Disadvantages of Bitcoin-
1. Need lack of knowledge
2. Volatility
3. Widely not accepted
4. Value fluctates
5. No refund