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Everything about bitcoin

Bitcoin is a new cryptocurrency currency in the digital world. Transactions are made without a middle authority. Which means, no banks! No need of heavy fees for transactions. No need of central authority’s order to confirm the transaction and you are allowed to do transactions anonymously. This is the secure and legal way of transactions. Because the transaction is verified by the proper channel named blockchain. Who keeps the records of transaction and verify them through proper ways. Bitcoin is pretty much like cash for the Internet.

Who controls the Bitcoin network?

This is the network, nobody owns, Same like email technology. No one owns this technology. Bitcoin network is controlled by its users in all over the world. Developers are working on bitcoin services continuously, but they don’t have a right to interfere in transactions process. They even don’t have authority to create change in bitcoin protocol. Because users of this technology are free to use any software or version.

Who created Bitcoin?

Satoshi Nakamoto …….

A great silence. Still, the creator of this worldwide technology is unknown. 9-pages paper was released named,” bitcoin, peer-to-peer electronic cash system” in the last of 2008. From that day and today, bitcoin is number one cryptocurrency in the world. And, still, the inventor of this technology is a mystery.

Is Bitcoin worldwide technology?

There is a large number of bitcoin users in the world from different sectors. Includes the business transactions, buying and selling of good, restaurants start accepting bitcoin as a payment and much more. At the end of August 2013, bitcoin exceed with the US $ 1.5 billion with millions of dollars. US, Canada, China and most of the other countries start transactions by using bitcoin. Worldwide acceptance of this technology shows that the future of currency is bitcoin. Till 2017, more than 2-time bitcoin cross the value of the gold. This is the fact, and there is no comparison of gold and the bitcoin. Because of digital currency. The primary purpose of this comparison is, bitcoin’s value crossing the value of gold. This shocking fact has blown away everyone’s mind. As a result, bitcoin takes part in most of the international transactions.

 Acquiring bitcoin, is it simple? 

will make a sensible decision of transaction. A person is wise if he/she knows the value of a single bitcoin.  Either he/she is buyer or not.

Here, the question is, how acquire bitcoin?

How can we use it the for the transaction? and

Where do they come from?

Simple, you are interested in doing transactions via bitcoin. You will download software, make an address, choose a right and desired person for your transaction and send him/her a request. As, that person accept your request, create a business relation and exchange your needs with one another.

And, if you are going to buy or sell the goods. Do payments through US dollar or Euro, then exchange them into bitcoin.

You can also purchase bitcoin from bitcoin exchange

Purchasing of the bitcoin is not a big deal. Keep them save from scam’s eyes is an important fact. Technology anonymously uses in all sectors of the world. Once you will drop the catch…. Means you didn’t hold it again. Which, clearly means that you have to take decisions safely and wisely.

You also can earn bitcoin through mining.

What are the advantages of bitcoin?  

People don’t want to someone own them in their lives. They want to play hide and seek in real life, in daily routine. That is why they like the transactions through bitcoin.

There is complete freedom of payments. No bank holidays, no borders, no bureaucracy, no restrictions.fully control their money. Here, you can choose your desired fees for transactions.

Scams

While you are going to do transactions, be aware of scams.

Good luck!

Tags: Everything about Bitcoin, Bitcoin news.

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10 physical Bitcoins

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Digital currencies assert itself on the world’s platform. Somehow, few companies introduce some physical bitcoins. And, these physical coins have been used around for years. To appeal the consumer’s company, introduce the coins in attractive designs, precious metals with low price.

Physical coins have the limited market. In additions, coins are as conversation pieces with limited stock. Some of them don’t have the physical appearance but considered as physical because of its specifications.

Meanwhile, a limited market of the physical bitcoin is being a problem. However, supply is less than the demand, so be aware of scams while you are buying coin online.Here are some physical bitcoins.

Casascius

Mike Caldwell, a couple of years ago Caldwell start minting his coin “Casascius” a couple of years ago. Unfortunately, his product was banned due to some security issues. Whereas, sales of Casascius resume again this year with 3 listing coins with gold plated bar. Whereas, a bag of 500 Casascius costs 0.39 BTC. In addition, Caldwell sells the silver, gold plated products, aluminum promo coins.

Alitin Mint  

These coins were designed by the John B Andelin in tribute to pioneer Adam Smith and French patron saint John of Arc. Basically, Alitin mint is 2 premium coins and the third one is in process of designing.

Pure silver coins with the weight of two ounces. Whereas, each series contain the 600 coins. Adam smith’s coin shipping is with 2BTC and it priced at 2.92 BTC. While Joan of Arc coin’s cost is 1.45 BTC comes with one bitcoin.

 

 

 

Titan Bitcoin

A beautiful coin with limited stock designed in the USA. Titan Bitcoin is a type of unique coin ID and purely rooted with a  security hologram. Meanwhile, a web page reports the current value of the coin. In addition, you are able to transfer the coin’s amount anywhere in the world with the permission of its one-time redemption code.

Titan’s one gold price is $2279 , while it carries 1 troy ounce of 24-Karat gold and bitcoin. However, the one bitcoin, the titan silver costs $729 with .999 pure silver, too much expensive.

Accordingly, a company has three more coins in a triple digital territory with less price from 0.5 to 1 BTC.

 

           

Cryptmint coins

A two in one metal,  which is a wallet as well as a physical coin. Cryptmint coin pushed, inspected by the hand to make sure the flawless finish.

This .999 silver is 39 mm in diameter and one troy ounce. Whereas, the price of this silver coin is $99. While company sells copper coin at $42 also. There is an option to choose a coin with different QR design on its back. In addition, these coins are the ship without any bitcoin preloaded.

 

 

Antana coin

With 300 unique coins per batch, Antana bitcoin’s difficulty increases within 10 days of a new batch. Antana offers the coins with less price and has mint with the well sense of humor. Each batch of Antana follows a particular theme with statistic data network for a time period.

Whereas, batches of the Antana coins has different names like Goodbye Mt Gox batch, transaction malleability batch, bump and dump batch, race and ROI batch etc.

Meanwhile, these coins are sold at 0.02 to 0.04 BTC. And, full set of 20 Antana coin’s cost is 0.41 BTC. Although, they are infrequent bitcoin motif product, which means they are not physical coins with QR core and hologram.

 

Ravenbit Satoshi coin

These Satoshi coins are composed of 85% copper with 39mm diameter and 3mm thick. Whereas, the front of these coins is consisting on the outline of a person filled with the binary code that converts to Satoshi Nakamoto. In addition, the kit of Satoshi coin with two security holograms, few goodies, and pouch, cost at $25.

 

 

 

CoinedBits

like Antana coins, CoinedBits are not physical coins but relatively novelty new items. One ounce weighted coins are 38mm in diameter and 3mm thick. In addition, CoinedBits are the purely gold plating of 18-Karat. Whereas, these coins cost at $14.99 in northern America. And, for overseas its cost is $19. 99.

 

Lealana coins

A number of unfunded coins with prices from 0.042 to 0.325BTC. whereas a set of Lealana coin is cost at 0.891 BTC.

Coin that never materialized

Most of the physical bitcoin projects are on delay or defunct. Although, they are not asserting themselves and gets out from the race. In the same way, a Chinese bitcoiner introduce a coin of 24-Karat with one ounce. Unfortunately, the current status of the coin is unclear. The coin is,

 

DIY coins

There is a number of 3d printed designs and they are available at Google search, mostly on 3d marketplaces. Whereas, the issue is, some of the designs are costly. Meanwhile, by making a proper coin you can do a few plastic or semi-professional attached filament printers.

In any case, 3d printing is an alternative process to creating physical coins. Apart from the actual cost, a 3d model cost is € 8.50. whereas services are the different opportunity, but in few belongings cost of printing is less than the price of shipping.

 

 

Goodluck!

 

Tags: buy physical bitcoin, physical bitcoin for sale

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Bitcoin News: Another Huge Bitcoin Exchange Hacked

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Cryptocurrencies like Bitcoin are very trendy these days. Due to this popularity, many hackers in all over the world are speciously looking to get advantages of that. One of the largest Bitcoin exchange in the world was just hacked.

The Main Story:

The value of Bitcoin and Other digital currencies increased in past few months, which tells the main reason why people with malicious intentions will be looking to steal this amazing Virtual Currency.
According to Yonhap News, hackers attack Bithumb, cooperating about 30,000 accounts, which is the 3% of the total exchange’s customers. It is not clear how much currency was stolen, but some people said that they have lost money in the attack.

Image Credits: The Hacker News

Bithumb understood last week that the home personal computer of its employee was hacked. That’s the reason the hackers may have stolen customer data. But the stolen data does not have passwords, and the company also said that digital wallets which contain Bitcoin and some other coins were not emptied.
On any given day, in the world of cryptocurrency trade volume, Bithumb is the world’s top 3rd or 4th exchange.

A BraveNewCoin report explains that Bithumb has more than 75% of Bitcoin market of the South Korea. This exchange hosts 10% of the global Bitcoin trade. It also says that some 100 customers might have lost millions of gained, as one person has lost 1.2 billion after the hack. To put the thing in the perception, 1 billion gained is equal to $870,000. Or 340 Bitcoin at the current rate as 1 Bitcoin costs $2602.77 as of this moment.
Customers affected by this hack have now filed a complaint with cyber crime report Center of National Police Agency.

Story Credits: bgr.com

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Russian Official Denies Country’s Role in Petro Cryptocurrency

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The officials of Russia have claimed that the country never joined with Venezuela on its national cryptocurrency, Petro, which marks the first state cryptocurrency of the world. The Russian Foreign Ministry’s deputy director of the information and press department, Artyom Kozhin, also claimed a news story that was published by Time magazine.

Petro Cryptocurrency

Finance Ministry of Russia About the Reports

The Finance Ministry of Russia has counselled “Time magazine” that it strongly denies any kind of contribution in the Petro cryptocurrency and noted that Time Magazine has disregarded the statement of ministry.

A meeting was held on 21st February 2018 in Moscow, where Kozhin said that Simon Zerpa, who is the Minister of Economy and Finance in Russia, gave a booklet related to the cryptocurrency to notify the Russians about the project, however, no one from the parties mentioned or conferred Russian-Venezuelan activity related to cryptocurrency.

The rate of Petro is linked to the price of oil that is produced in Venezuela, as it was announced in December by the president of Venezuela, Nicolas Maduro, considering it as a payment tool to evade the worldwide authorizations and a U.S. barrier.

Authorized Involvement

According to Time Magazine, the president of Russia, Vladimir Putin sanctioned helping Venezuela to launch the Petro, mentioning anonymous resources close to the concealed joint venture.

Time Magazine also mentioned two Russians, named Fyodor Bogorodsky and Denis Druzhkov, who act as advisers on the Petro. According to few reports, during the launch of Petro, these two Russians were seated in the front row in the presidential palace.

According to an Associated Press report, Druzhkov is a chief executive officer of Zeus Trading, which was banned from trading almost three-years ago and was penalized for $31,000 by the Chicago Mercantile Exchange.

Likewise, some reports say that Bogorodsky lives in Uruguay and was described as director of Aerotrading company by the government, as his website contains only a single home page without any information about the company.

Russian State Bank

According to the executive of state bank of Russia, who deals with the cryptocurrencies, senior Kremlin counsellors have supervised the Petro project.

The state bank executive reportedly said:

“People close to Putin, they told him this is how to avoid the sanctions. This is how the whole thing started”

No response has been given by Kremlin to Time Magazine, however, the Finance Ministry of Moscow has said that none of the Russian financial authorities was involved in the development of Petro. At the same time, the government of Venezuelan also avoided commenting on this report by Time Magazine.

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