Category Archives: Bitcoin

The 5 Advantages Bitcoin Has Over Fiat Currency

Bitcoin is the first successful cryptocurrency in history, and it became successful because of the many positive merits not found in traditional or fiat currency (this is your country’s national currency). In this article, you’ll find out about five advantages Bitcoin has over fiat currency. 1 – Bitcoin Is Decentralized Unlike fiat currency, Bitcoin is not controlled by any bank or government. No single entity controls or regulates the Bitcoin network, not even its founder Satoshi Nakamoto. Without a controlling entity, bitcoins are technically inflation-proof since no […]

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Is It Possible To Get Free Bitcoins?

If you do a search for free bitcoins, you will be deluged with great offers to earn bitcoin by visiting websites or playing online games. There are suggestions that you start mining. After all, everyone knows that miners get great payouts. First of all, most of the places that recommend joining sites where you earn bitcoins for watching videos, visiting websites, or any of the usual online low-paying schemes pay in satoshis. What is a satoshi? It’s the smallest unit of bitcoin that gets to be recorded […]

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Who is Satoshi Nakamoto

In November 2008, Satoshi Nakamoto published a white paper that began “Commerce on the Internet has come to rely almost exclusively on financial institutions serving as trusted third parties to process electronic payments.” The solution, as Nakamoto saw it, was an electronic cash system “based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.” The 8-page white paper then went on to explain the electronic payment system that could serve this […]

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Bitcoin Is Limited

Built into the bitcoin protocol from the beginning was a limit to the number of coins that will ever be created. The limit is 21 million. Technically, the limit is 20999999.9769, short of 21 million by 3 bitcents.   Without a limit to the possible number of bitcoins, they would become like fiat money and decrease in value as more and more and more bitcoins were created. With a limit on it, bitcoin should increase in value.   Bitcoin creation begins with a transaction. The transaction synchronizes […]

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