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Real life applications for Blockchain, Bitcoin and Ethereum

  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…

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Bitcoin Illegal in India?

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….

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But where do these Bitcoins come from? – Bitcoin Mining

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…