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Dogecoin:狗狗幣起源.Meme 幣.Elon Musk

狗狗幣 (Dogecoin,$DOGE)是與比特幣(Bitcoin,BTC)同類的加密貨幣。狗狗幣的起源,是開發者純粹搞笑的作品。但是在以 Tesla 行政總裁 Elon Musk 為首的網絡名人推動下,狗狗幣 Dogecoin 市場價格急速上升。 

狗狗幣起源

狗狗幣(Dogecoin)是由 IBM 軟件工程師 Billy Arcus 和 Jackson Palmer 於 2013 年 12 月創建。開發項目的目的,純粹只是將網上 meme 圖轉化為一個加密貨幣,某程度上是針對 比特幣 及其他加密貨幣熱潮的搞笑幽默。技術上,狗狗幣是開源、點對點交易功能的加密貨幣,類似於比特幣(BTC)及 以太幣(ETH)。狗狗幣技術架構源自 Luckycoin,而 Luckycoin 則是萊特幣(Litecoin)的分叉(Fork,「複製版」);因此狗狗幣同樣採用 Scrypt 共識算法。

與比特幣相比,狗狗幣在挖礦過程的「數學難題」的難度較低,礦工能夠更快完成「解題」,因此狗狗幣的交易速度較快。此外,狗狗幣不設貨幣供應數量上限,目前狗狗幣總流通量超過1,290 億個,每分鐘礦工挖出10,000個 — 相對而言比特幣每10分鐘才挖出12.5個比特幣。

狗狗幣急升

2020 年 7 月,短片社交網絡 TikTok鼓勵用戶參加狗狗幣 X TikTok 活動,刺激狗狗幣價格飆升 95%。 2021 年 1 月,Reddit 用戶社群吹捧狗狗幣,狗狗幣在 24 小時內價格上升 370%。 

狗狗幣(Dogecoin)擁有由大量散戶投資者組成的活躍社群,成為市場上主要的 meme 幣(memecoin)。連 Tesla 行政總裁 Elon Musk(馬斯克),亦開始在其 Twitter 賬戶頻顏提及狗狗幣。至今,馬斯克已成為狗狗幣最知名、最高調的支持者,他稱狗狗幣為最喜愛的加密貨幣,更吹捧狗狗幣「是人民的加密貨幣」,承諾用其 SpaceX 火箭將狗狗幣「帶上太空」。 

在 2021 年,狗狗幣市價已經上漲了 5,000% 以上。截至 2021 年 4 月,狗狗幣成為全球十大最高市值加密貨幣之一。

狗狗幣過往價格走勢非常波動。如同任何投資資產,狗狗幣價格未來可升可跌。

如何購買狗狗幣?

狗狗幣(Dogecoin)除了在幣安(Binance)等交易所能夠買賣交易。你亦可以透過 Genesis Block等場外交易(OTC)平台買賣。假如想避免複雜的註冊賬戶手續,亦可以使用包括 CoinHereCoinHere 等加密貨幣 ATM、只需數分鐘便能購買狗狗幣。如果想通過 CoinHere 的 ATM,購買狗狗幣,請 按此 瀏覽最接近的 ATM 地點資料!

如何儲存狗狗幣?

安全儲存狗狗幣,有很多不同工具與方法。Legder 及 Trezor 等硬件錢包,通常比數碼錢包(hot wallet)安全,因為硬件錢包相對不太易受黑客攻擊。

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

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一文看懂 $YFI 三大重點

當比特幣(Bitcoin,$BTC)逼近歷史高位、帶動以太幣($ETH)等加密貨幣集體飆升,DeFi項目 Yearn Finance 的治理代幣 $YFI,自誕生至今同樣吸引加密貨幣社群熱切關注,被稱為「DeFi中的比特幣」。

以下是關於 $YFI,你應該知道的數個重點。

1. Yearn Finance 的治理代幣

著名DeFi項目 Yearn Finance,透過整合多種DeFi協議,自動助用戶尋求最佳收益利率回報。除了建立整合流動性挖礦機制,Yearn Finance 開創的核心功能亦包括Vault(資金庫),讓用戶存入加密貨幣並賺取收益。

$YFI 是 Yearn Finance 協議的原生代幣,透過流動性挖礦機制分發,主要用於該平台的治理機制,持有者可以對該平台發展方向的提案投票,還可以獲得平台收益的一部分。

治理代幣 $YFI 模式的出現,象徵程式協議對用戶獎勵方式的重大轉變。2020年夏天,多個重點DeFi項目推出治理代幣,令DeFi與流動性挖礦的熱潮迅速爆發。

2. 「DeFi之王」Andre Cronje

項目創辦人Andre Cronje是 Yearn Finance 的靈魂人物。Andre在今年火速發起5個項目,成為DeFi圈星級人物,除了封神作 Yearn Finance,Andre其後亦發起了yinsure.finance、EMN、LBI、Keep3r Network($KP3R)、以及Deriswap⋯⋯上述當中有爆紅項目、亦有遭黑客攻擊而失敗,令Andre成為備受爭議的惹火人物。

3. 「DeFi中的比特幣」

$YFI於2020年7月正式面世,迅速風靡DeFi社群、爆發強勁升浪,價格由3美元急升到8月底的30,000美元,成為首隻超越比特幣歷史高位的加密貨幣,到9月中旬更升穿43,000美元。但其後,YFI走勢大幅波動,一度回落至8,000美元,到近月反彈,再度逼近三萬美元。

想了解更多關於 $YFI 與加密貨幣最新發展,歡迎瀏覽我們的 教學 和加入我們的 Twitter, Youtube 頻道和 Telegram 群組。

What is CoinHere?

With the growing widespread popularity of cryptocurrencies, more and more people have been starting to purchase cryptocurrencies. However, there exists a problem in our world today. The accessibility to cryptocurrencies has always been a problem to many people. To resolve this issue, CoinHere provides ATMs to facilitate the buying and selling of digital assets. CoinHere operates one of the largest Bitcoin ATM networks in Asia and is looking to fuel the mass adoption of digital assets in the public. The company also cooperates with major exchanges to provide users with the most popular digital assets. Moreover, CoinHere also assists in the integration of Bitcoin and Crypto PoS systems. They educate and encourage the adoption of cryptocurrencies. Above all, CoinHere works closely with Genesis Block to educate and gear the public towards the ever-growing crypto industry.

A Little History

CoinHere was founded way back in 2017 backed by Genesis Block’s industry-leading technology. The goal was to make the Bitcoin and cryptos as accessible as ever. To make all cryptos accessible to all, CoinHere has partnered with numerous exchanges and businesses. Moreover, CoinHere has been continuously branching out to fuel merchant adoption for Bitcoin and crypto payments.

What are the advantages of using CoinHere ATMs?

CoinHere ATMs have several advantages. These advantages help to further drive the mass adoption of cryptocurrencies. 

  1. Trusted: Backed by an experienced team and all technology is supported by Genesis Block.
  2. Convenient: Over 30+ locations in Asia Pacific regions like Hong Kong, Taiwan, and Thailand, and over 20+ ATMs operating 24/7 providing continuous access to cryptos.
  3. Fast/Speed: Complete and receive your cryptocurrencies in less than 5 minutes. 
  4. Reliable: 24/7 support team always ready to assist any crypto-related issues.
  5. Privacy: Use ATMs without registration and verification providing anonymity and security. 
  6. Affordable: Low minimum entry of HKD$500 per transaction.

Why should you use crypto ATMs?

Just like a normal regular ATM, crypto ATMs are extremely convenient. With over 30+ locations and many operating 24/7, CoinHere allows everyone to have access to cryptos. Similar to how Bitcoin and other crypto trade 24/7, CoinHere hopes to provide uninterrupted access to cryptos to the public. Another important factor of crypto ATMs is the safety and anonymity that it provides. CoinHere ATMs utilizes industry-leading technology to provide a safe platform for users to buy and sell cryptos. Additionally, the low entry barrier makes it just one step easier for users to get into the crypto community! 

How safe is it really?

Crypto ATMs provide complete anonymity for users. The technology is paired with secure digital wallets and tokens vetted by Chainanalysis tools. The process also does not require KYC allowing users to trade freely without fearing their data being stolen.

Which cryptocurrencies are available?

CoinHere provides a wide variety of cryptocurrencies from the most popular Bitcoin and Ethereum to FTX, BNB, and more!

Are there any fees when I use ATMs?

When you purchase Bitcoin or other cryptos, there will be a transaction fee. Therefore, the price you see on the ATMs may not reflect the exact amount that you purchased. Moreover, the amount of the crypto you receive is also dependent on the current market price of the crypto which regularly fluctuates.

Which wallets are supported?

The ATMs support a wide variety of wallets ranging from ERC20, SHA256, and BEP2 frameworks. We suggest using a cold wallet when purchasing cryptos as it is the most secure way of storing your cryptocurrencies. If you would like to learn more about how you can best store your digital assets, check out this article!

Crypto Education

To allow more users to better understand cryptocurrencies, CoinHere has also partnered with Genesis Block to develop community building and education. CoinHere strives to fuel mass adoption, but also understands the potential threats of fraud and cybersecurity. In order to tackle that issue, CoinHere has launched a Cryptoclassroom series providing “How to” security tutorials and information for both Bitcoin and Crypto beginners and advanced users.

Conclusion

With one of the largest networks of ATMs in Asia, CoinHere takes into account the 1.7 billion underbanked and unbanked users in the world. Many of these people would have never had the opportunity to access financial services if not for crypto ATMs. And that is why CoinHere believes that Bitcoin and crypto can act as a vessel for financial freedom. If you’d like to own your cryptocurrencies, be sure to check out CoinHere ATM’s locations below!

What is USDT?

What is USDT?

What is USDT? Tether (or USDT) is a popular digital token that is backed by the fiat currency. The token is known as a stablecoin since it is pegged to the USD for trading digital assets. The initial issuing of this token was started by Tether Limited. The digital currency is on hundreds of different exchanges and has billions of dollars in transactions around the world. Tether is pegged to the USD at a 1 to 1 ratio. As of the time of writing, the currency is still the most popular USD-pegged cryptocurrency for trading digital assets. 

What is USDT for?

Tether is as an optimal way for users to move money effectively without having any decentralized authorities. This allows users to actively trade the currency and also use it for international transactions in countries that may have capital controls. Hence, one of the major driving forces for Tether’s supply and demand movements are the massive international payment markets. In order for Tether to equilibrate the price at one dollar, the company needs issuance and redemption to maintain it. So the company charges a 0.1% fee for every issuance or redemption, in the terms of USD this would mean that the company is always willing to buy back USDT at $0.999 and then offer USDT at $1.001. This helps maintain Tether’s price within a 0.2% spread from one dollar. 

Where can you buy USDT?

Tether is extremely popular so it is widely available at exchanges, OTCs like Genesis Block, and at crypto ATMs like CoinHere! If you would purchase Tether via an OTC check out this url! If you would like to purchase Tether via our ATMS, click on this link to find the closest ATM to you!

How do you store USDT?

Like many of the other popular cryptocurrencies, You can store USDT in various digital and hard wallets. The best hard wallet producers include Trezor and Ledger, and a few top digital wallet providers are Edge and Exodus. So hard wallets are often safer than digital wallets as is a hardware device which is not as accessible as to something compared to your phone or computer. To check out which wallet best suits you, check out this article! 

https://genesisblockhk.com/digital-wallets-cold-storage-how-do-they-work/

To learn more about USDT check out this video: 
https://youtu.be/Kg2pEIzbfss  

To read more about USDT check out this article:
https://genesisblockhk.com/tether-usdt/

 

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

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What is FTT?

What is FTX?

What is FTT? FTX is an upcoming cryptocurrency derivatives exchange that offers futures, leveraged tokens, and OTC trading. The current futures exchanges have quite frequent clawbacks that often lead to losses in the millions due to the poorly designed risk management system. With FTX, it will reduce the likelihood of these clawbacks by using a three-tiered liquidation model. Hence, FTX hopes to become a leading exchange outcompeting BitMEX and OKEx within the coming years. 

Key Features of FTX:

  • Stablecoin settlement (TUSD/USDC)
  • New index futures (ALT, MID, SH*T along with USDT, BNB, etc.) 
  • Automated OTC trades
  • Backstop liquidity provider to stop clawbacks
  • One universal margin wallet
  •  Low fees, tight spreads, deep orderbooks, and a complete API

What is FTT?

FTT is a token that serves as the backbone of the FTX ecosystem. The token is intricately designed to increase network effects and demands for the token, while also helping to decrease its circulating supply. 

How does FTT work?

Users who trade on the FTX platform can utilize FTX to earn discounts on trading fees. This allows lower fees for trading on FTX futures and also tighter spreads for OTC. This token can also be utilized as a collateral for future positions which would also increase the utility and demand for FTT. During large market movements, instead of having clawbacks, FTX’s insurance fund will provide a net gain and this portion of gain will be socialized among its holders. Moreover, for those wanting to create leveraged tokens, they can use FTX’s token to do so. Crypto institutions who are looking to purchase a white label version of the OTC portal and the futures exchange can also purchase this via FTT. As the backbone of the FTX ecosystem, FTT will become more and more useful as more derivative products are added. The below graphic shows the trading fee discounts for holders of this revolutionary token: 

To learn more about this token, check out their whitepaper: 
https://help.ftx.com/hc/en-us/articles/360027945111–FTT-Whitepaper-Summary-

 

How can you purchase FTT?

FTT can be purchased at an exchange like Binance, FTX, or at an OTC like Genesis Block HK or even at a crypto ATM like CoinHere! If you would like to purchase this token via an OTC check out this url! If you would like to purchase FTT via our ATMS, click on this link to find the closest ATM to you!

How do you store FTT?

Storing FTT is quite simple as it is accepted by a wide variety of hard and digital wallets. Hard wallets include the famous Ledger and Trezor, and the digital wallets include Edge and Exodus. To check out which wallet best fits you check out this article! 

https://genesisblockhk.com/digital-wallets-cold-storage-how-do-they-work/

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

ATM地點

什麼是 BNB?

什麼是 BNB?

BNB是什麼?它是幣安鏈(Binance Chain) 及幣安智能鏈(Binance Smart Chain) 的原生代幣。在撰寫本文時,它目前在市值排名中排名第 5。一開始,這個代幣只是交易所籌集資金的一種方式。然而,隨著時間的推移,我們看到團隊為 BNB 創造不同的價值。 

BNB 的用途

1. 交易優惠

BNB 有一個特別的用途,持有BNB代幣的用戶可享有25% 的交易折扣。平台亦會根據用戶持有的 BNB 數量來劃分優惠。查看下圖以查看交易折扣: 

2. 燒毀機制

幣安會根據整體交易量每季度銷毀一次。這是為了減少代幣的總供應量。最後,會多達 50% 的 BNB 將被銷毀。此外,團隊已經放棄了他們的代幣分配,亦代表會有另一個銷毀代幣活動。 

3. 首次代幣交易所發行 / 幣安優先投資

BNB 持有者可以參與幣安 Launchpad 的集資活動,例如代幣售賣和首次代幣交易所發行 (IEO)。 

4. 幣安去中心化交易所(DEX)

在2019 年第二季度,幣安推出了去中心化交易所,並使用 BNB 代幣作為交易費用。 

5. 付款用途

BNB 也被主流市場採用,因為用戶可使用幣安代幣購買一些商品和服務,值得我們留意的有例如Crypto.com(VISA 卡)和 PundiX(商家的支付終端)。 

哪裡可以購買BNB?

就像許多其它加密貨幣一樣,您可以通過場外交易所,例如 Genesis Block HK ,或加密貨幣 ATM- CoinHere 來購買代幣。如果您想購買 BNB,請隨時通過 genesisblockhk.com 與我們聯繫,甚至在這裡查看我們的ATM 地點。 Genesis Block HK, or even at a crypto ATM like CoinHere. If you would like to purchase BNB, feel free to reach out to us at genesisblockhk.com or even locate a crypto ATM here. 

如何儲存BNB?

儲存 BNB 其實非常簡單,因為各種硬錢包和數碼錢包都能接受。硬錢包有著名的 Ledger 和 Trezor,數碼錢包則有 Edge 和 Exodus。硬錢包通常比數碼錢包安全得多,因為它是一種存儲貨幣的硬件設備,因此不易受到黑客攻擊。如想選出最適合您的錢包,請查閱這篇文章! 

什麼是幣安?

幣安是一家領先的加密貨幣交易所,目前有超過一百多種不同的加密貨幣交易。幣安目前提供現貨和保證金交易,使其成為世界上交易量最大的加密貨幣交易所之一。幣安的成功來自背後的團隊、市場時機和產品。 

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

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What is Ethereum?

What is Ethereum?

Ethereum is an open-source, blockchain-based, decentralized software platform that has its own cryptocurrency, Ether. Ethereum is a platform that allows users to create their own softwares and trade via the platform. 

Features of the Ethereum Network:

  • Average block time: 14 to 15 seconds
  • Consensus algorithm: Proof-of-Work – Ethash (Proof-of-Stake in the roadmap)
  • Supply limit: Currently no limit
  • They Mine Ether with GPU 

What is Ether?

Ether is the native currency on the Ethereum platform. Ether is used as a gas fee to allow users on the platform to build and deploy decentralized applications (Dapp). In order for a transaction to run smoothly, it will require the users to pay Ether as a gas fee. This currency is essential in the functioning of the Ethereum platform. Check out this article to learn more about the Ethereum platform! https://genesisblockhk.com/what-is-ethereum/

How does Ether work?

So Ether works quite differently from other cryptocurrencies as it has an actual function. Unlike Bitcoin, Ether has a purpose as it helps transactions occur on the Ethereum platform, whereas Bitcoin does not have this functionality. Check out the below website to see Ether gas fees! 

https://ethgasstation.info/

How do you purchase Ether?

So Ether works quite differently from other cryptocurrencies as it has an actual function. Unlike Bitcoin, Ether has a purpose as it helps transactions occur on the Ethereum platform, whereas Bitcoin does not have this functionality. Check out the below website to see Ether gas fees! 

https://ethgasstation.info/

How do you store Ether?

Now storing Ether is quite simple as it is accepted by a wide variety of hard and digital wallets. Hard wallets include the famous Ledger and Trezor, and the digital wallets include Edge and Exodus. Hard wallets are often much safer than digital wallets as it is less prone to hackers due to it being a hardware device that stores your currencies. To check out which wallet best fits you check out this article! 

https://genesisblockhk.com/digital-wallets-cold-storage-how-do-they-work/

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

ATM地點

How to sell Bitcoin on Bitcoin ATM?

If you would like to sell your Bitcoin or cryptocurrencies, you may visit our ATM at Wan Chai Office. Currently, our ATM is only supporting BTC sell. You may contact us to enquire about  other cryptocurrencies. 

 

Step 1: Tap on Crypto icon to start 

  •  Press on the Crypto that you would like to sell.

Step 2: Choose ‘SELL’ 

  •  Press on the Crypto that you would like to sell. 

Step 3: Choose Your Trade Size

  • Choose your trade size. For transaction more than HKD100,000 , you are required to register an ATM account or trade through OTC.

Step 4: Choose your selling amount 

Step 5: Enter your phone number (Optional)

  • You will receive a notification once the cash is ready to pick up 

Step 6:  Confirmation

  • The quotation will only be valid for 45 minutes. 

Step 7:  Scan QR code on the Printed Receipt 

Step 8: Click Send on your wallet

  • Be sure to exclude the transaction fee from the selling amount. Transaction can only be executed with the exact selling amount. We suggest you to choose a higher transaction fee If you would like to speed up the transaction. 

Step 9: Receive a withdrawal notification 

  • Be sure to exclude the transaction fee from the selling amount. Transaction can only be executed with the exact selling amount. We suggest you to choose a higher transaction fee If you would like to speed up the transaction. 

 Step 10: Tap on the crypto icon that you are selling

 Step 11: Press ‘Redeem Ticket’

 Step 12: Scan the QR on the receipt 

 Step 13: Cash eject from ATM   

尋找您附近的比特幣和加密貨幣ATM

CoinHere 擁有亞洲最大的比特幣及加密貨幣ATM網絡!我們的服務地點數目甚至超過某些銀行!😎

ATM地點

What is Bitcoin?

You may have heard a lot of talk about Bitcoin (or BTC) lately, and are asking yourself “What is Bitcoin?”. In this tutorial we talk about Bitcoin, one of the most popular cryptocurrencies.

What is Bitcoin?

Bitcoin (BTC) is a store of value and a peer-to-peer electronic cash system that allows users to send BTC freely without having to rely on a third party. The creation of Bitcoin was by Satoshi Nakamoto in early 2009. In wake of the 2008 financial crisis, Satoshi saw the need for a new kind of money.

The current financial system relies almost exclusively on third parties they trust to process payments. They require middlemen are to mediate disputes, which lead to expensive fees and slow processing. Satoshi hoped to create a decentralized peer-to-peer payment system with no reliance on central authorities.

How Bitcoin Works

  1.  In order for Bitcoin to work, it requires a network of miners to continuously mine for BTC. When miners are “mining” for BTC, they are usually solving difficult computational problems. This process requires computers with high computational power and often times will take a lot of energy and electricity. 
  2. Once they solve the problem, the first miner to solve the problem will have to go through a “Proof of Work” (PoW), where other miners in the system have to validate the transaction and ensure the correctness of the problem. Only once the problem receives approval can they record the transaction on the Blockchain.
  3. Once a successful transaction is written on the Blockchain, the miners will then receive rewards in the form of Bitcoin. These Bitcoins will go directly into the miner’s wallet. 
  4. Those who are looking to invest in Bitcoin will then be on the lookout for miners or network participants that are trading Bitcoins.
  5. Miners and investors of Bitcoin will then exchange BTC for cash.
  6. The transaction between the miners and the investors will then be recorded onto the Blockchain.
  7. These transaction are available for the public to view on the Public Ledger where all transactions are kept transparent and public. 

How does Bitcoin Transaction work?

  1.  When we initiate a transaction, it contains information of the sender, the recipient, the transaction amount and a digital signature.
  2. The user will generate two keys. The digital signature is signed with the sender’s private key and the public key is available to other nodes to verify the signature.
  3. When a user signs a transaction, it will be sent to a pool of unconfirmed transactions called a mempool (memory pool). Miners pick the transaction and put into the next block.
  4. Miners validate blocks by solving mathematical problems i.e. hash function. The first miner to solve the problem will receive a block reward paid in Bitcoins. The hash identifies a block and is dependent on the transactions within. Any changes to the transactions will cause the hash to change completely and the rest of the network will reject it. This brings immutability to the history of transactions.
  5. Miners will broadcast the solved hash (i.e. his ‘proof of work’) to other nodes in the network. When other nodes verify and agree on acceptance, the network reaches a consensus.  Nodes express acceptance by working on the next block.

Bitcoin is Not a Physical Currency

Unlike the traditional fiat currency, BTC is not a physical currency. However, the value of Bitcoin equates to the dollar amount on the current market price of BTC. This price typically has a high volatility, but in the long run has grown exponentially over the past 10 years. 

Bitcoin is similar to Gold

Similar to gold, Bitcoin has a very finite supply with a total of 21 million BTC that ever be in circulation. At Bitcoin’s current mining rewards rate of 6.25 BTC per Block, Bitcoin’s annual production is equal to Gold. 

This is one of the many reasons why people refer to Bitcoin as “Digital Gold”. In addition, the fact that BTC the first cryptocurrency. By and large though, the primary reason for this nickname is due to the scarcity of supply. 

Why is Bitcoin Decentralized?

There is no centralised authority in the Bitcoin network. The blockchain ledger distributes across nodes all over the world and is open for anyone to view. The Bitcoin network is a peer-to-peer network where nodes reach consensus collectively. This mitigates the risks of data tampering and data loss.

Dencentralized Mining

The Bitcoin is operated by decentralized authorities having no bank or government control. This allows the individuals and companies to trade BTC anonymously and freely. Those who purchase the Bitcoin are a part of a system that buy/sell and mine BTC. So, in order to maintain the system’s credibility, it requires the “miners” of BTC to continuously mine for new Bitcoins by solving difficult computational problems.

 Once a miner solves the problem, the system logs the transaction onto the blockchain where it collects all transactions. The transactions are then available on the public record where anyone can view it. Protection for each transaction is also and made through a unique secure address making the payee anonymous. This process makes it difficult to falsify any payments.

Why is Bitcoin Secure and Immutable?

As a digital currency, bad actors may attempt to double-spend. Bitcoin’s network solves this problem by time stamping transactions.

Each block contains a hash of itself and the hash of the previous block. If a bad actor attempts to tamper with a transaction in the past, the hash of the blocks will change completely. Then other honest nodes will reject the block.

Features:
– Block size: 1MB
– Average block time: 10mins
– Consensus algorithm: Proof-of-Work (SHA-256)
– Supply limit: 21,000,000 BTC

Ways You Can Aquire Bitcoin?

There are a few ways for you to trade Bitcoin. It can be done through an online marketplace cryptocurrencies, an OTC (over the counter) service, or through a Bitcoin ATM. So, once you purchase BTC, you can store them in a digital wallet that functions the same as a physical wallet.

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