Introduction This article is going to discuss the differences between bitcoin and the traditional banking system. There are many differences between the two in the fundamentals of how they operate, how money is distributed and ‘created’, and how the units of account are stored. The Traditional Banking System The traditional banking system works on regular […]
One of the challenges facing bitcoin’s adopters around the globe is storage. How exactly are you supposed to keep your bitcoins secure if you plan on keeping a significant amount in one wallet? Well, the answer for most will be a paper wallet. Due to the ingenuity of the cryptographic principles bitcoin was built upon, […]
BTC, short for Bitcoin, is a decentralized virtual currency that was invented by Satoshi Nakamoto. The anonymous inventor or group published a white paper in 2008 as a proof of concept, then released it as open-source prototype software in 2009. Bitcoin uses peer-to-peer technology to operate without a central authority or banking institution; managing transactions […]
