Biznerati 5th Edition

Monday 26 January 2015

BITCOIN


Bitcoin in the last few weeks has been the talk of internet with a lot of
webheads speculating that it may be the future currency since we are in digital age.Its also the digital currency if you like.

  Now is bitcoin the latest internet bubble or the future currency?.Well to some extent it may be a success if the talkings being held by the royal mint over producing the first physical bitcoin.But then there is a big blow to it.

  The UK government does not approve it and says its illegal.
Introduced in 2008 by one satoshi
nakamoto.Bitcoin has grown with
increased number of its users being drug lords because of the anonymity
associated with the currency.The
currency is mined in a process known as mining.An army of geeks known as miners are incentivised to join by solving cryptographic puzzles in order to receive new bitcoins.Mining is the process of adding transaction records to
bitcoin public ledger of past
transactions.Heard that the first bitcoin atm will be launched.Well will bitcoin pass the test of time lets wait and see.
STAY UPDATED: biznerati ||@AlexOchengo 

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