Bitcoin security is vital when you consider that around nine million dollars a day in Bitcoin is lost to scammers through phishing, fraud, and theft and hacking. It is said there is a sucker born every minute. Well there is also a scammer born every minute and these days with email it is much easier …
Currently there are over 700 jobs in the cryptocurrency market listed on LinkedIn. These cover the fields of: ManagementDirectorshipsITSales and promotion So there are many standard types of positions in the crypto currency market as in any other market but as well as the usual skills relating to these positions special or ‘acquired’ skills in …
As we all know a faucet is a tap, usually a source of water. A bitcoin faucet is a source of Bitcoin and they have been around for some years. A Bitcoin Faucet is a rewards system whereby Bitcoin or fractions of one rather are given as a reward for performing or completing a task …
The future of Bitcoin will depend on, among other factors, the use in retail as an accepted regular payment method by leading retailers. There are three factors that can affect the take up of Bitcoin by retailers, volatility, speed of transaction and cost. Volatility There will never be any more than 21 million Bitcoins globally. …
What is the difference between centralisation and decentralisation? According to Dictionary.com Centralisation is the concentration of control of an activity or organization under a single authority. “The centralization of all financial power in the hands of its leaders.” The action or process of bringing activities together in one place. “Greater centralization of food production” Decentralisation …
Blockchain is an innovative method of securing established activities by virtue of its decentralisation and ability to defer fraud and misduplication. There are a myriad uses for blockchain apart from safeguarding crypto currencies and here are some examples of those uses, some of which are already being applied, some of which are proposed and some …
Does blockchain mean the end of centralized banking? Probably not but certainly the banks are becoming aware of the distinct advantages of using blockchain to reduce costs improve efficiency, and boost up their bottom line. Many of the banks functions are costly and inefficient even in these days of high speed computers and swift communications …
Does Blockchain Signal the End of Centralized Banking? Read More »
Forking Bitcoin is where a currency is split into two or more currencies. When it is a hard fork the code or software that comprises a coin, such as Bitcoin, changes in some significant way designed to offer an improvement on the existing model. In that case, some of the nodes might fork away from …
The degree of complexity is proportional to the degree of unwillingness to participate. This applies in the technological work just as it does in other areas in other words the more complex a subject and its application the higher the reluctance to participate. No one likes to confront what is to them unconfrontable or complex. …
“The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”Don & Alex Tapscott, authors Blockchain Revolution (2016) A good way to understand how Blockchain works is the book analogy. You take a slim book with one page in it. That …
