If you have been asleep for about five years and haven’t heard about Bitcoin and digital currency yet, it’s time to wake up and smell the coffee. In a very short period of time, Bitcoin has generated a total value in the billions and is creating buzz in every country in the world. People ask why and for what reason does this ‘currency’ merit attention? How is Bitcoin different from any fiat currency we use today? And the grand question everyone is asking , â€Here today, gone tomorrow?â€
Some myths and fallacies that we address in this article in an effort 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 store of value that can be held and is designed primarily for electronic exchange in trade for goods and services. More specifically, it is a hash code using the strongest encryption available 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 transactions and when new Bitcoin are discovered, they are awarded to the miner that processed them. Private and public pools collectively mine for Bitcoin and other digital currencies and these pools make up the majority of hashing currently devouring the network in search of (string values to match.
Don’t know mining, not technical and don’t know where to start, but you want to earn Bitcoin. Maybe you do understand the concept and how Bitcoin works but still need assistance with execution. Multiple resources exist where you can find information on how to start generating Bitcoin. The best we have found so far is http://www.bitboxy.com, but do your homework as there are a lot of sites coming online devoted to Bitcoin.
Here is a short video from bitboxy explaining the basics of Bitcoin and digital currency http://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 become more efficient.The best place on the web to research information and services for Bitcoin. Business and Bitcoin – It’s a Natural. When you need to find information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin plus Business equals Bitboxy. This article is copyright protected.