Connect with us

Business

What is bitcoin

Published

on

Have you ever heard of bitcoin? It is a virtual currency, which only exists on the Internet. Since its creation in 2009, bitcoin has been used more and more. It has even just been recognized as the official currency by El Salvador, a country in Central America.

It is a currency, like the euro or the dollar. Like all currencies, bitcoin is used as a unit of measure to value the price of things. It also serves as a means of payment, that is to say that you can exchange it for what you want to buy. But is bitcoin a currency like any other?

No, because it is virtual and only exists on the Web! No need for coins or banknotes: bitcoin takes the form of encrypted codes, which are bought and stored on the Internet. These codes can then be redeemed, much like e-mails, in order to make online purchases quickly and anonymously.

Unlike conventional currencies, bitcoin was not created by a state, but by computer scientists, in 2009. Consequence? No government controls its value, which can therefore vary greatly depending on demand.

Bitcoin has no physical existence and is not dependent on any central bank. It cannot be turned off: its system is based on a network, the “blockchain”, powered by tens of thousands of computers across the planet.

It should be seen as a giant ledger, reputed to be tamper-proof, in which the history of all transactions is listed. Little is known about the creator of bitcoin, the very mysterious Satoshi Nakamoto. Its existence boils down to a few traces on the Internet. There are no photos of him and it is very likely that his name is a pseudonym.

Most of its work was done in late 2008, as the financial crisis began. Many specialists see his project as a way of freeing himself from banks and states, whose responsibility was then called into question.

But Satoshi Nakamoto has never confirmed these claims. Evoking in his writings the origin of bitcoin, he is content to point out the technical shortcomings of the time. Its ambition is therefore to develop a more efficient alternative system. The mathematician starts from the premise that we are forced, in order to guarantee our transactions, to have recourse to financial institutions.

This situation, he said, leads to excessive costs and the acceptance of a certain amount of fraud. “What we need,” writes Nakamoto, “is an electronic payment system based on cryptographic evidence, which would allow two parties who so wish to transact directly with each other without resorting to a trusted third party. ” Thus was born bitcoin.

In recent years, for example, the value of bitcoin has skyrocketed because more and more people have applied for this currency. This is a good deal for those who bought inexpensive bitcoin some time ago and are now going to resell it for a high price.

But beware of the risks! Because, if one day the demand drops, the value of bitcoin will fall and the savings will fly away. And then no one is safe from hackers who sometimes commit thefts online. So it is better to think carefully before converting your money!

Continue Reading

Business

MSNBC finishes first in primetime basic cable for first time ever

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates.

Published

on

Photo: Shutterstock

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.

Nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

“Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat”

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

Continue Reading

Business

6 Stunning new co-working spaces around the globe

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui.

Published

on

Photo: Shutterstock

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur.

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet ut et voluptates repudiandae sint et molestiae non recusandae. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

“Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat”

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.

Nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur.

Continue Reading

Business

3 Ways to make your business presentation more relatable

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores.

Published

on

Photo: Shutterstock
Prev1 of 2
Use your ← → (arrow) keys to browse

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.

Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus.

Nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo.

“Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat”

Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur.

At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga.

Prev1 of 2
Use your ← → (arrow) keys to browse

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.