“Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.” After developers started understanding the concept of blockchains, there brains start clicking with new use cases for blockchains. Not only a currency, the blockchain can be used for identity…
A few ideas that are currently being developed for consumers like me and you using blockchain, Bitcoin and Ethereum are: Abra. Similar to Venmo but based on the blockchain, Abra lets you send money internationally instantly. Storj. Decentralized Dropbox file storage that pays all participants for using their computer myceliaformusic. Founded by artist Imogen…
I recently got a message that a particular currency has increased by 100% in last 3 days. Should I invest in it? It may seem highly lucrative to invest in low cap coins which increase 100% in days time but the issue is not every currency listed on an exchange is investable. You need to be…
One of the biggest issue with Bitcoin is that from where we can buy them. Getting them is just like obtaining any other currency. You can buy them online via marketplaces like Zebpay, Unocoin etc or you can directly buy from another person. You can ask your friends to pay you back using Bitcoins (:D)….
In the past week, many newspapers and TV channels carried out a story that Bitcoin has been declared illegal in India. They declared this based on the statement by Minister of State for Finance Arjun Ram Meghwal that use of the digital currency was “illegal” and exposed users to potential violations of anti-money laundering rules….
If you are about to explore Bitcoin, there are a few things you should know. Bitcoin lets you exchange money in a different way than with usual banks. As such, you should take time to inform yourself before using Bitcoin for any serious transaction. Bitcoin should be treated with the same care as your regular…
Bitcoin is the simplest way to exchange secured money at very low cost. Mobile payments made easy Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. All you need to receive Bitcoin payments is to display the…
OK, so you’ve learned the basics about bitcoin, the next step is to get some bitcoins. But how? This guide will tell you what you need to know. You can buy bitcoins from either exchanges, or directly from other people via marketplaces. You can pay for them in a variety of ways, ranging from hard…
We already know that Bitcoins are generated through a process called mining. But what is this mining and how it is done? People are sending bitcoins to each other all the time. Unless someone keeps a track of record of all these transactions, no one will be able to keep track of who paid whom….
The second question that people often ask is But where do these bitcoins come from? Who produces them? First of all you need to understand unlike fiat currency like Dollars or Rupees, no central bank can issue new Bitcoins out of thin air. There is a fixed mechanism to earn bitcoin, called mining. Bitcoin is…
