If you have not heard about Bitcoin yet, time to wake up – you aren’t dreaming. After only a few short years , Bitcoin has garnered a total value in the billions and is gaining traction in every country in the world. People ask why should this â€˜currency’ deserve any attention whatsoever? How is Bitcoin different from any paper-based currency we use currently? And the question on everyone’s mind is, “Is this just a passing fad?â€
The market has generated some myths and fallacies that we address in this article because we want 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 string of values that can be stored and is designed to be used for spending on goods and services. More specifically, it is a string of values based on 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 blockchain is hashed or mined to match transactions and when new Bitcoin are discovered, they belong to the miner that found them. There are many pools (private and public) that group together efforts to 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. Perhaps you do understand the concept and how Bitcoin works but still need assistance with developing a plan to earn Bitcoin. Multiple resources exist 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 being developed devoted to Bitcoin and digital currency.
A great short video we from bitboxy detailing 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 place on the web to find information and services for Bitcoin. Bitcoin and Business – It’s a Natural. When you need information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin + Business = Bitboxy. This article is copyright protected.