Category: News

Bitcoin and some interesting facts

Still having doubts about Bitcoins and Bitcoin mining? I’ve been reading a little about Bitcoin lately. I installed the software, acquired some BTC (currency) by donation, and have tried mining. I think it’s an interesting project. Here are some facts about Bitcoin that caught my attention: 1. Bitcoin is available as free software and can […]

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The Workflow of the Bitcoins System

Here’s a flow of the Bitcoin ecosystem that shows the correlation between bitcoin wallets, addresses, encrypted private keys, bitcoin miners + bitcoin mining servers, blocks, hashes, and nonces. [ source ]   Bitcoin is a decentralized electronic cash system using digital signatures and cryptographic proof to enable irreversible payments between parties without relying on trust. […]

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The Bitcoin Foundation has been launched

Forbes reports the launch of the much awaited – The Bitcoin Foundation. The Bitcoin Foundation mission leads to the early specific goals of financially sponsoring the efforts of the core development team, funding core infrastructure such as a test network and a DNS seed node, publishing a set of best practices for bitcoin integration, coordinating […]

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Youtube Videos on Bitcoins

Bitcoin is the world’s first fully decentralized, peer-to-peer (p2p) virtual currency. It allows users to make anonymous and untraceable cash transactions anywhere in the world without any sort of real-world intermediary. So unlike PayPal and other online services, it can’t be squeezed in the same way by governments or other control agents. Created in 2009 […]

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