With the release of version 0.3 of the how much is 6 bitcoin worth client, information about the digital currency spread throughout the internet. An article published on a popular technology portal presented the project to a wider audience, thanks to which the BTC/USD exchange...
There are hot and cold wallet solutions available in the market with different pros and cons, so you can explore the options to see which one suits you best. Bitcoin is valued as a useful form of money, and is measured by its growth of...
Bitcoin is decentralized and kept secure by “miners” — continuously verifying transactions and getting block rewards in exchange for their work. Once a specific amount of transactions are verified, another block is added to the blockchain and the process continues as usual. When you’re looking...
There are many mining calculators out there, but it’s essential to understand the crypto mining profitability for a feasible outcome. Every time there’s a major fluctuation in the Bitcoin prices, miners need to check the impact of the change of prices on their profitability using...
Bitcoin is "not actually usable" for retail transactions because of high costs and the inability to process chargebacks, according to Nicholas Weaver, a researcher quoted by Bloomberg. High price volatility and transaction fees make paying for small retail purchases with bitcoin impractical, according to economist...
Bitcoin combines the hardness of gold with the portability and fungibility of fiat and comes built for the digital age. Its supply is strictly regulated by its code and enforced by those who use it. Bitcoin can be sent anywhere in the world in seconds...
In the beginning, different items were used as currency, including metals, pearls, shells or agricultural products. Minting of coins from precious metals was developed about 2500 years ago in ancient Greece; paper money has existed for about 1000 years. Efforts to challenge the US dollar...
This is due to the fact that you don’t actually control the private key for your coins and therefore they are not actually yours. According to Ripple, banks can realize cost savings of between 33-42% by using their protocol. Considering that banks perform thousands or...
