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. In just few short years, Bitcoin has generated a market value in the billions and is gaining traction in every corner of the world. People ask why and for what reason does this â€˜currency’ merit attention? How is Bitcoin and digital currency different from any paper-based currency we use today? 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 here and by doing so, we hope to give you 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 spending on 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 for all Bitcoin.
This constant string of values is processed or mined to match independent transactions and when new Bitcoin are found, they delivered to the miner that found them. Private and public pools collectively mine for Bitcoin and even though there are individual miners, these pools make up the majority of the petaflops currently being hashed which is devouring the network in search of (string values to match.
So, you don’t know anything about mining, you are not technical, you know nothing about â€˜blockchains’ or â€˜hashing’ or you have no clue where to start to collect Bitcoin. Perhaps you do understand the concept and how Bitcoin works but still need assistance with developing a plan to earn Bitcoin. There are multiple resources 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 and digital currency.
Here is a short video from bitboxy detailing the basics of Bitcoin http://youtu.be/M5LFmjJgpts. Be sure to 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 resource on the web to find information and services for Bitcoin and digital currency. Bitcoin and Business – It’s a Natural. When you need information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin plus Business equals Bitboxy. This article is copyright protected.