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Bitcoin offers an efficient means of transferring money over the internet and is controlled by a decentralized network with a transparent set of rules, thus presenting an alternative to central bank-controlled fiat money.1 There has been a lot of talk about how to price Bitcoin, and we set out here to explore what the cryptocurrency's price might look like in the event it achieves further widespread adoption. First, however, it is useful to back up a step. Bitcoin and other digital currencies have been touted as alternatives to fiat money. But what gives any type of currency value?


KEY TAKEAWAYS
Currencies have value because they can be used as a store of value and a unit of exchange.
Successful currencies have six key attributes—scarcity, divisibility, utility, transportability, durability, and counterfeitability.
The cryptocurrency bitcoin has value because it holds up ver ... Read more »

Views: 119 | Added by: wawan20123 | Date: 23.06.2021 | Comments (0)

How exactly to categorize Bitcoin is a matter of controversy. Is it a type of currency, a store of value, a payment network or an asset class?

Fortunately, it's easier to define what Bitcoin actually is. It's software. Don't be fooled by stock images of shiny coins emblazoned with modified Thai baht symbols. Bitcoin is a purely digital phenomenon, a set of protocols and processes.


It also is the most successful of hundreds of attempts to create virtual money through the use of cryptography, the science of making and breaking codes. Bitcoin has inspired hundreds of imita ... Read more »

Views: 37 | Added by: wawan20123 | Date: 23.06.2021 | Comments (0)

   Announcement of the book "Bitcoin for Dummies"

What is important and interesting this book? First of all, it allows you to understand in detail what Bitcoin is, how the network works, how to create a crypto-currency purse and secure it from hacking, and much, much more useful information that not only beginners, but also advanced adepts need crypto currency. The book allows

- get acquainted with bitkoynom closer;
- find out what bitkoyn can be useful to you;
- learn the rules of security and storage of the cryptonym.


Bitcoin is a new form of money, crypto-tokens, to be more precise, - but how does it work? We start with the basics, namely: with the three main aspects that characterize bitokoyn.

- Origin: how bitcoin ap ... Read more »

Views: 9249 | Added by: wawan20123 | Date: 08.01.2021 | Comments (0)

  Hawala / Bitcoin / Classic banking: principles and differences

The word "hawala" in Arabic means a bill or parcel. The peculiarity of the hawala system is the fact that all financial transactions (transfer of money, jewelry or gold from the country to the country) are carried out without any documentary evidence - the work is built on the trust of the participants in the process.

Havala
The main participants in hawala are brokers. It is they who organize transfers between countries. At the same time, the money does not leave the state borders physically: the sender simply gives money to the broker in one country, receives from him a secret code (for example, figures from one of the bills), which the recipient in another country should then name the second broker to get the equivalent of the initial amount in local currency. ... Read more »

Views: 1153 | Added by: wawan20123 | Date: 11.04.2020 | Comments (0)

   Bitcoin Tech Talk Mission

Watching Bitcoin is exhausting. Most sources are either non-technical, or inaccessible, or biased. It is difficult to understand: the information is accurate or not accurate, partial or whole; fears, uncertainties and doubts are groundless or really worth worrying about.

Introduction to Bitcoin Tech Talk

So we created Bitcoin Tech Talk. We want the bitcomune community to be able to learn about the development process, technical proposals  ... Read more »

Views: 1240 | Added by: wawan20123 | Date: 10.06.2019 | Comments (0)

  Introduction to the calculation of commissions in Bitcoin Core

commission for a transaction in Bitcoin Core

The space in the Bitcoin blockade is a limited resource, and given the rather low price, the demand for this space is much larger than the supply. If the space in the block is free, people will find all sorts of uses for it. Decentralized gambling, downloading the entire copy of the description of Bitcoin's original concept and timestamps of individual documents&n ... Read more »

Views: 1291 | Added by: wawan20123 | Date: 24.01.2018 | Comments (0)

What Bitcoin differs from other crypto currency

In this article I will try to tell you how and why Bitcoin differs from all existing altkones.

How people develop their understanding of Bitcoin

Having been involved in Bitcoin for a long time, I noticed a pattern according to which people's minds about Bitcoin change, as they eventually sink deeper and deeper into its ecosystem, gaining more and more understanding of its essence. Usually their thoughts d ... Read more »

Views: 1046 | Added by: wawan20123 | Date: 24.01.2018 | Comments (0)

   CRYPTO20: features of the crypto-currency index fund

Today, investors can choose any crypto currency they like from hundreds of possible options, and such diversity is confusing. This increases costs, increases complexity and gives rise to the need for consultations. CRYPTO20 frees the novice crypto currency investor from these difficulties. But, in the period of rapid development of block projects and ICO, investors need a conscious approach before buying tokens of a particular company. How much CRYPTO20 can be a risky project?
Features of CRYPTO20
CRYPTO20 is a TOP-20 index of the value of a crypto-currency with automatic portfolio re-balancing. The popularity of various crypto-currencies is variable, therefore, using a special algorithm, the investment objects in CRYPTO20 also change. Investing only one token wi ... Read more »

Views: 521 | Added by: wawan20123 | Date: 24.01.2018 | Comments (0)