Bitcoin is a decentralized digital payment system with no central authority. It allows instant payment to anyone around the world and available 24*7. The entire bitcoin network is backed by the miners. The miners are the specialized systems which perform complex computational process called “Proof of Work” for a block of transactions. For their effort, […]
Category: BITCOIN
Bitcoin Explained. How to Buy/Invest?
Cryptocurrencies are a new concept in the world economy. They were invented approximately only a few years back but they already attracted have a lot of attention. Especially since the year 2013, they experience turbulent changes in their exchange rates. Bitcoin is the most popular cryptocurrency as of now. And as you might hear, it […]
What is a Bitcoin Mixer?
Bitcoin mixers are solutions that let users mix their coins with other users, to preserve their privacy. Bitcoin is not entirely anonymous as it looks. It is partially anonymous because one does not need to give personal details to do bitcoin transactions or while opening an anonymous wallet. Bitcoin transactions are entirely transparent. Every single […]
Bitcoin explained. How do Cryptocurrency work?
Cryptocurrencies are a new concept in the global economy. They exist only for approximately a few years and they already attracted a lot of attention. Especially since the year 2013, they experience turbulent changes in their exchange rates. Cryptocurrency payments can be made without personal information linked to the transaction. This offers strong protection against […]