If you have not heard about Bitcoin and digital currency yet, it’s time to wake up and smell the coffee. After only a few short years , Bitcoin has garnered a market value in the billions and is gaining in populartity in every corner of the world. Many ask why and for what reason does this â€˜currency’ merit attention? How is Bitcoin different from any fiat currency we use today? And the big question everyone is asking , â€Here today, gone tomorrow?â€
Some myths and fallacies that we address here 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 transaction chain that can be held and is designed primarily for trading in exchange for goods and services. More specifically, it is a string of values using the strongest encryption technology we have to date where the record is kept transparently, securely and anonymously with redundancy throughout the Internet. The â€˜blockchain’ is the source of bitcoin and the store of transactions that occur in the Bitcoin world.
This constant string of values is hashed or mined to match independent transactions and when new Bitcoin are found, they are awarded to the miner that processed them. Private and public pools collectively mine for Bitcoin and even though there are individual miners, 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 start to finish creation of a Bitcoin generating product or service. There are multiple resources where you can find information on how to start earning Bitcoin. The best we have found so far is http://www.bitboxy.com, but do your homework as there are a lot of websites coming online devoted to Bitcoin.
Here is a short video from bitboxy explaining the basics of Bitcoin http://youtu.be/M5LFmjJgpts. Be sure to research and understand where you should start. If you are already conducting business in Bitcoin, there are plenty of ways to improve and become more efficient.The best website to get information and services for Bitcoin and digital currency. Business and Bitcoin – It’s a Natural. When you need to find information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin + Business = Bitboxy. This article is copyright protected.