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…
Bitcoin is a currency. Bitcoin is a digital currency. Bitcoin is digital gold. Bitcoin is a cryptocurrency. Probably without the “crypto” word everything else made a little bit of sense and you lost everything at the word “Crypto”. Lets first take up the currency part. Currency In India we have Rupees, US has Dollars, UK…
Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic…
