If you have not heard about Bitcoin yet, it’s time to wake up – you aren’t dreaming. After only a few short years , Bitcoin has generated a market cap in the billions and is gaining traction in every country in the world. People ask why and for what reason does this ‘currency’ deserve any attention whatsoever? How is it different from any paper-based currency we use today? And the big question everyone is asking , “Is this just a passing fad?â€
The market has generated some myths and fallacies that we address here 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 transaction chain that can be held and is designed primarily for electronic exchange in trade 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 ‘blockchain’ is the source of bitcoin and the store of transactions that occur in the Bitcoin world.
This constant string of values is processed or mined to match independent transactions and when new Bitcoin are discovered, they belong to the miner that discovered the matching transactions. Private and public pools collectively mine for Bitcoin and other digital currencies 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.
So, you don’t know anything about mining, you are not technical, you know nothing about ‘blockchains’ or ‘hashing’ or you have no clue where to start to collect Bitcoin. Perhaps you do understand Bitcoin, digital currencies and how it works but still need assistance with execution. 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 homework as there are a lot of sites being developed devoted to Bitcoin.
A great short video we from bitboxy explaining 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 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.