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Computers-and-Technology If you have not heard about Bitcoin and digital currency yet, time to wake up. After only a few short years , Bitcoin has generated a market cap in the billions and is gaining traction in every country in the world. People ask why and for what reason does this currency’ deserve any attention whatsoever? How is it different from any existing currency we use currently? And the question on everyone’s mind is, "Will it stick? Some myths and fallacies that we address here and by doing so, we hope to provide you with a little more insight into Bitcoin and digital currencies, why they exist and where they are going. First of all, what is Bitcoin? It is a peer to peer transaction chain that can be stored and is designed to be used for electronic exchange in trade for goods and services. More technically, it is a hash code 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 that occur in the Bitcoin world. This blockchain is processed or mined to match independent transactions and when new Bitcoin are found, they are awarded to the miner that discovered them. There are many pools (private and public) that group together efforts to mine for Bitcoin and other digital currencies and several of the larger pools make up the majority of hashing currently devouring the network in search of (string values to match. So, you don’t know anything about mining, you are not technical, you know nothing about blockchains’ or hashing’ or you have no clue where to start to collect Bitcoin. Maybe you do understand Bitcoin, digital currencies and how it works but still need assistance with developing a plan to earn Bitcoin. Multiple resources exist where you can find information on how to start earning Bitcoin. One of the best that we found is .www.bitboxy.com, but do your homework as there are a lot of sites being developed devoted to Bitcoin. Here is a short video from bitboxy detailing the basics of Bitcoin and digital currency .youtu.be/M5LFmjJgpts. Make sure you 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 be.e more efficient. About the Author: 相关的主题文章: