WISDOM News Unbound

Bitcoin mining is essential to keep the Bitcoin network going. The miners verify and confirm all of the Bitcoin transactions and without them the whole thing would grind to a halt. There would be no more transactions and no new Bitcoins created. What is Bitcoin Mining? Bitcoin miners use very powerful computer equipment to update the Bitcoin decentralized ledger. They need to solve very complex cryptographic challenges and the first to do this will update a block and receive a reward in Bitcoins (at the time of writing this is around 12 Bitcoins). With Bitcoins being worth thousands of dollars...

You may have heard about Bitcoin and wondered what it really was. There is always a lot of news about this digital currency and especially how it rises and falls in price dramatically at times. Well here we will give you the complete 101 on Bitcoin. As we already mentioned, Bitcoin is a digital currency. You may think that there are actual coins available but there are not. These are just fabrications. The original intention of Bitcoin was to send payments anonymously and securely online. This is still true to a certain extent today. A Decentralized Currency A number of...

When Bitcoin launched in 2009 the promise was that it would allow financial transactions on a peer to peer network without the need for any financial institutions or government control. A lot of people that knew about it at the time were very excited about the possibilities while others were somewhat skeptical. The digital currency was actually a secondary consideration. It was the blockchain technology that so excited the creators and those that were part of the peer to peer community. But the Bitcoin currency has turned out to be a lot better than was expected. There are several reasons...

The only way to obtain Bitcoins when it first launched was to use the peer to peer network. You could do this anonymously and you didn’t need permission from anyone to acquire Bitcoins. With the growth in popularity of Bitcoin there are now several ways you can acquire them. Cryptocurrency Exchanges You can register with a cryptocurrency exchange like Coinbase.com and purchase Bitcoins using your native currency. Some countries do not allow the purchase of Bitcoins so you need to check this first. When you sign up with a reputable exchange like Coinbase.com you will need to provide a number...