Essays on Bitcoin

Bitcoin and Cryptocurrency Bitcoin and cryptocurrencies are the new buzzword today, almost everywhere people are talking about bitcoins, especially with the examples that someone has made millions in just one or two years by smartly investing in bitcoins. It definitely creates curiosity to others if...

Cоuld Bitсоin bе the futurе оf оnlinе currency? This is juѕt one оf thе questions, frequently аѕkеd аbоut Bitcoin. Bitcoin is a tуре оf еlесtrоniс currency (CrурtоCurrеnсу) thаt iѕ аutоnоmоuѕ frоm trаditiоnаl bаnking and came intо сirсulаtiоn in 2009. Aссоrding tо some of thе tор...

Crypto currency is a digital form of money. Rather than paper notes and coins. Data is stored through digital code and is available through different apps and software. Paper currency is backed by the Government and things such as Gold. Whereas crypto currency does not...

Bitcoin will be taxed following a dizzying year of price rises and falls, industry experts have warned as the volatile cryptocurrency continues moving towards the mainstream. With bitcoin’s price rising 1100 per cent over 2017 the HMRC has decided against creating new legislation to ensure...

Bitcoin is regarded as the first digital currency across the world. The fact that the cryptocurrency works without the regulation from a single administrator or central bank makes it a decentralized currency. Ever since its creation in 2009, the cryptocurrency has grown popularity across the...

Abstract This paper analyzes the compliance of distributed, autonomous block chain management systems (BMS) like Bitcoin with the requirements of Islamic Banking and Finance. The following analysis shows that a BMS can conform with the prohibition of riba (usury) and incorporate the principles of maslaha...

It is no secret that the identity of Satoshi Nakamoto, the mind behind Bitcoin’s blockchain and the first promoter of crypto money life in the world, has been a mystery to his followers. However, it is not hard to believe that Bitcoin is actually the...

Despite the growing number of cryptocurrencies (more than 100+) shaping the way for the future cashless world, bitcoin-mania has shown no diminishing effects even though its competitors are gaining considerable attention in the market. They have been trying and developing strategies that Bitcoin cannot fulfill....

AidCoin is the ERC20 token that aims to become the preferred method to donate transparently through the Ethereum blockchain and to access the ecosystem of services provided by the AIDChain platform. The adoption of cryptocurrencies will impact the way we donate in the future and...

For companies that are looking to expand, taking the Hydra route may well be a valuable proposition. The business can expand in myriad directions, allowing one project to gain from another by impersonating the many headed snake that features in Greek mythology “It is amazing...

What Is Cryptocurrency? The word ‘crypto’ comes from the Greek word meaning ‘hidden’; ‘crypt’ translates as ‘hiding place’. These form a private, hidden and secure currency. Cryptocurrency is a decentralized currency that uses peer-to-peer technology, which enables all functions such as currency issuance, transaction processing...

Digital Currencies are all the rage these days. It has enticed numerous thoughts about the future of technology, economics and the internet. It has always been a controversial agenda. Pros: Some people are getting rich. Cons: You probably won’t be one of them. Benefits of...

Bitcoin is a cryptocurrency that has recently emerged as a popular medium of exchange, with a rich and extensive ecosystem. The Bitcoin network runs at over 42 × 1018 FLOPS, with a total market capitalization around 1.5 billion US Dollars as of October 2013. Central...

The presentation of bitcoin provoked a couple of numerous cryptographic types of cash, anyway the key idea behind computerized cash is to stay and obscure way to deal with trade money beginning with one individual then onto the following. To also develop this indefinite quality,...

The kryptonate market showed this Wednesday, July 18, a general increase that has led to different altcoins such as Stellar (XLM), Cardano (ADA), OmiseGO (OMG) or Zcash (ZEC), to star in increases in its price that range between 10% and 53% in the particular case...

There has never been a time the world is as information savvy as it is now. Acquisition of data is the key to retaining current customers or acquiring new ones. Believe it or not, the need for data has been on the increases on a...

Verge (XVG) has been in the privacy coin market for a while and appears to be gathering more attention compared to its competition. Monero has been the most popular coin but its credibility appears to make user shift their attention to Verge due to its...

Blockchain and mining have been on theorists’ lips as far back as couple of years, and they viewed a gigantic spike in excitement since 2017, close by the surge of the cost of Bitcoin and diverse advanced monetary forms. Today, many envision that Blockchain will...

Most of the developing countries are using traditional supply chain to deliver food product or service from supplier to consumer end. This paper introduces a model for those developing countries which will provide them a smarter way to handle the product, information as well as...

Before bitcoin, Ethereum, Litecoin and other cryptos, there already existed some digital currencies tracing it way as far back as the 1990s. This included Digicash, Bitgold but these ones were centralized and didn’t last for long. Cryptocurrency came with a new trend thus its decentralized...

HOW BITCOIN HAS HELPED IN TRANSFORMING THE DIGITAL~WORLDBREIF HISTORY OF BITCOIN Bitcoin came to existence in the year 2009 when no one ever taught something of such could emanate from the digital sphere. As it came into existence, it brought along the so called exchanges...

Electroneum has been making a big impact in the payment market and has seen the coin gain a lot of attention and attraction and the price growth has been steady in a relatively bearish crypto space. The coin has jumped to become 63rd of the...

Digital signatures algorithm uses to secure transactions of Bitcoin. In all peer to peer electronics transactions don’t need any third party to check the ledger for transfer the amount. Without using any authority, this platform secures all transactions among different people together. It provides security,...

A decade after the birth of the Bitcoin (BTC) protocol, there are still many unknowns around this technology and its benefits. Is the blockchain technology today what it promised it would be in its first days of existence? Since blockchain technology emerged in 2009 with...

Blockchain Innovation has stood out as the premise of digital currencies, for example, Bitcoin, yet its capacities stretch out a long way past that, empowering existing innovation applications to be inconceivably improved and new applications never already down to earth to be conveyed. Otherwise called...

Blockchain is perhaps one of the most creative inventions of recent times. It was initially built for Bitcoin to store its transactions, but its potential could be further maximized. It was designed by a group of people who go by the pseudonym of Satoshi Nakamoto....

Introduction: It is a form of digital currency, which needs to be encrypted in order to be generated in units of currency and to be operated independently. The Crypto-currencies are a revolutionary new form of money that are being used to buy products and services....

Numerous retailers have adopted cryptocurrencies such as Bitcoin, Ethereum, Zcash and Dash on the lookout for a better and affordable source of mining. They are faced with two options; either cloud mining or hardware mining. What is Ethereum? It is a crypto currency just like...

After bitcoin advancement, numerous supporters from various businesses and organizations around the globe grasped blockchain innovation thereby consequently influenced enterprises to start creating investable new digital asset which numerous are yet to be made, these digital asset gave space for various advantage and prompted numerous...

Samsung enters crypto-currency chips business The South Korean company overtook Intel to become the biggest chipmaker last year. Samsung Electronics has revealed in its latest earnings report of making chips designed specifically to set crypto hardware business with the intention to increase revenues. In the...