Being in the Digital/Internet industry, one cannot escape the term Digital Currency now. It’s the new fad. It’s going to be a long term fad. So, I have to learn a little bit about bitcoin and what’s the fuss about it.
Easy guide about Bitcoin
1. What is Bitcoin?
A digital currency without notes and coins.
A system which allows you to do anonymous currency transactions.
No authority or organization will come to know your money transaction.
2. What is Double Spending?
Everything can be duplicated in the digital world.
All transactions will be shown in public listing to avoid duplication of the digital currency.
No one can copy the currency as it’s validity is checked.
So one one can double spend on the same bitcoin.
3. How in the world public listing is anonymous?
Apparently, you can keep your bitcoins in a digital wallet – which is in your computer or…
View original post 101 more words