Bitcoin, the world’s first decentralized digital currency, is attracting attention across the globe. When acknowledging that it is also the first borderless, apolitical form of money in history, it’s hard to avoid the topic of whether it can be used legally. It’s worth noting that no matter who says you can’t use bitcoin, its decentralized…
Bitcoin transactions are designed to be publicly searchable, programmatically confirmed by miners and immutable once embedded on the blockchain. BTC transactions contain three pieces of essential data: the amount being transacted, an input (the addresses where the bitcoin being sent have come from) and the output (the bitcoin address, also known as the public key,…
Bitcoin is a network, a protocol, a groundbreaking technology and a culture in and of itself. But when it was first introduced by Satoshi Nakomoto in a 2008 white paper, Bitcoin was primarily designed as a way to revolutionize the buying, selling and transacting of value for the digital era. “What is needed is an…
Bitcoin is not entirely anonymous. In reality, it is pseudonymous because each user has a public address that theoretically could be traced back to an IP address or exchange account (and by proxy, an actual identity) through proper network analysis. So instead, a better question is, to what extent is Bitcoin anonymous? It is anonymous in the sense that…
Bitcoin is the world’s first decentralized digital currency. Its value primarily comes from it being the first digital currency that no single person, organization or authority has control over. Anyone can buy it, anyone can receive it — and nobody can tell anyone what they can or cannot do with it. In the digital age,…
Bitcoin was created by Satoshi Nakamoto, (almost certainly) a pseudonym, that no one has been able to conclusively connect to an actual person or group of people to this day. Bitcoin was created by Satoshi Nakamoto, (almost certainly) a pseudonym, that no one has been able to conclusively connect to an actual person or group…
Bitcoin depends on a distributed ledger system known as the blockchain. Bitcoin depends on a distributed ledger system known as the blockchain. The blockchain is possibly the most powerful innovation associated with Bitcoin, as countless industries from financial services to healthcare have begun contemplating how to leverage the technology for their own uses. So it’s…
Bitcoin means different things to different people. For some, it’s the future. For others, it is a speculative bubble about to burst any day now. And for most, Bitcoin is still a mysterious platform for internet money. Fully understanding Bitcoin and the changes it is bringing to our world can be a lifetime pursuit. But…
