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Computers-and-Technology In case you haven’t heard about Bitcoin yet, time to wake up – you aren’t dreaming. After only a 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 currency’ deserve attention? How is it different from any paper-based currency we use currently? And the big question everyone is asking , "Is this just a passing fad? The market has generated some myths and fallacies that we address here and by doing so, we hope to provide you with a little more insight into Bitcoin, why it exists and where it is going. First, what is Bitcoin? It is a peer to peer transaction chain that can be held and is designed to be used for electronic exchange in trade for goods and services. More technically, it is a string of values based on the strongest encryption 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 hashed or mined to match independent transactions and when new Bitcoin are found, they delivered to the miner that discovered the matching transactions. 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 Bitcoin, digital currencies and how it works but still need assistance with developing a plan to earn Bitcoin. Multiple resources exist where you can find information on how to start generating Bitcoin. One of the best that we found is http://www.bitboxy.com, but do your homework as there are a lot of websites being developed devoted to Bitcoin. A great short video we from bitboxy detailing the basics of Bitcoin and digital currency 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. About the Author: 相关的主题文章: