Tag: Blockchain

You know how some people say the hardest part of University is actually graduating and putting your degree to the test? Well, Bitcoin is kind of like that. An individual can learn and master all of the digital currency’s basics, but it is an entirely different story when venturing out to get your “hands” on some bitcoins. But don’t worry – this guide will tell you everything you are going to need to know.
The Facts
Perhaps the most important thing for a potential bitcoin investor to know is that they have the option of purchasing bitcoin, a digital …

Spanish banking group Banco Bilbao Vizcaya Argentaria (BBVA) announced on Tuesday that it will be joining forces with Blockchain company Waves. Why? Both parties want to develop a distributed ledger technology (DLT) platform that is able to process and handle shipping document submissions.

The technology has already commenced the testing stages, and results showed the system is capable of slashing the processing and handling time to two and a half hours. For perspective, the original time was 7-10 days.

The first test of the system was executed on a shipment of tuna, which went all the way to Barcelona, …

Like many things surrounding the blockchain community, Ethereum’s smart contracts can be a confusing concept to most.

Smart contracts seem a bit difficult to understand because the term confuses the base interaction described. They are a new possibility due to the ethereum public blockchain.

A smart contract binds a relationship with cryptographic code, whereas a standard contract is an outline of the terms of a “relationship” and is usually enforced by law.

To describe them a little more clearly, smart contracts are programs that carry out the exact tasks set by their original makers. They help you exchange money, …

Every single person that uses the internet today, does not have primary control of the data they share on certain websites.

Ethereum stands out from the rest, as it attempts to employ the blockchain as a way to correct what the designers of the internet.

The best way to describe it would be a “decentralized appstore” where anyone is able to publish their apps (dapps). Unlike today’s apps (such as Google Maps or Youtube) they do not need a middleman to function or control that user’s info.

These “dapps” link the user and provider directly. There isn’t just one …

Think you’re ready to make your first Bitcoin transaction? Here’s everything you are going to need to know.

Bitcoin transactions are able to be sent from and to electronic bitcoin wallets. Further, they are digitally signed for security. Everyone on the bitcoin network is made aware when a transaction is being made, and the history of any transaction can be traced back to the point where the bitcoins were created.

Holding onto bitcoins can be beneficial – especially if you’re waiting for the price to go up – but the whole point of this digital currency is to spend …

If you’re interested in cryptocurrency, chances are you probably understand that Bitcoin is not only the first cryptocurrency to be created, but it is also one of the most important out there.

It is important to understand that Bitcoin is a form of digital currency, and it is created and held electronically. No one controls it. Unlike euros or dollars, Bitcoins are not printed – they are produced by people, businesses, running computers worldwide, using a software program that solves mathematical problems.

Mentioned briefly, Bitcoin is the very first example of a steady growing category of money known as …

Generally speaking, selling Bitcoin isn’t quite as straightforward as buying bitcoin. However, it is not impossible to learn. If you follow this guide, you will learn all the information you need to start trading bitcoin!

For those leaning toward selling their bitcoin, you will first need to consider which method best suits your situation. For instance, do you want to sell your bitcoin online or sell it in person? Both options have their fair share of advantages and disadvantages.

Source Image: Deposit Photos: @nils.ackermann.gmail.com

 
1. Selling Bitcoin in Person
Are you looking for the easiest …

It’s safe to say financial institutions have financed the disruption of a number of industries over the last 30 odd years. And why is that? It’s because they have an idea of what a revolutionary technology like blockchain can do to static incumbents.

So, in order to stay ahead of change, banks have been setting up R&D labs, establishing partnerships with blockchain developers, and building test centers in an attempt to fully understand the revolutionary potential of blockchain technology.

Even though financial institutions were the ones to make the first move, academia, consulting firms, and governments have also studied …

Interested in learning how to buy Bitcoin? First, you need to master the basics. After that, the next step will be acquiring some of the digital currency. But how, you ask? Below is a guide that will tell you everything you need to know.

Let’s walk the process of buying bitcoin and setting up your bitcoin wallet!

Step 1: Buying Bitcoin

First and foremost, remember that you can buy bitcoins from exchanges or directly from other people via marketplaces.

Source Image: Deposit Photos: @kaprikM

When purchasing bitcoins, the user has the option of paying in hard cash, credit cards, …