If you have been asleep for about five years and haven’t heard about Bitcoin and digital currency yet, then it’s time to wake up. After only a few short years , Bitcoin has generated a market cap in the billions and is gaining in populartity in every country in the world. Many ask why should this ‘currency’ merit any attention whatsoever? How is it different from any existing currency we use currently? And the grand question everyone is asking , What will the value be 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 question is, what is Bitcoin? It is a peer to peer string of values that can be held and is designed to be used for spending on goods and services. More technically, 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 constant string of values is hashed 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 these pools make up the majority of the petaflops currently being hashed which is 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. There are multiple resources where you can find information on how to start earning Bitcoin. One of the best that we found is http://www.bitboxy.com, but do your research as there are a lot of websites being developed devoted to Bitcoin.
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 website to find 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.