Category: Cryptocurrency

Why I am not Impressed by the Increasing Value of Bitcoin

Bitcoin is a Cryptocurrency, a form of money , a Digital Currency. It was introduced in 2009 as open-source software developed by some unknown known under named “Satoshi Nakamoto“. Satoshi The smallest unit of BTC was named after him. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as bitcoin alternative. And all of them

What is Mining of Cryptocurrency

Mining is the process of adding transaction records to cryptocurrency’s public ledger of the past transaction. The public ledger is called blockchain. The transaction is to be validated before adding to the public ledger. After validating and adding the transaction to the blockchain, miners will be rewarded with some cryptocoins. Mining needs a lot computing

Cryptocurrency And Everything You Need To Know

Cryptocurrency is the form of money (medium of exchange) which is not physically present but transactions are made digitally. Cryptocurrency use cryptography for security, secure transaction and creation of new coins. Transactions are made by exchanging digital information electrically through the principle of cryptography. Monetary value is determined through the codes stored electrically, whenever a

Bitcoin – The Digital Money

Perhaps, some of you are new to Bitcoin and just have heard about it or actually unknown about what exactly Bitcoin is? Or you may have something about it which may not adequate to know all about. In this post I would try my best to make you understand with some sorts of outline established

Bitcoin Blockchain Fork BTC and BCC

We are been hearing about a fork (or split) in the Bitcoin network. On August 1st, 2017, precisely 12:20 UTC, there is a event to make changes to the bitcoin software which will use different protocol. So after August 1st there will be two version of the Bitcoin blockchain and two separate digital currencies. So BTC is the