Understand Bitcoin Trading
What is bitcoin?
Bitcoin is a digital currency that uses encryption, rules of mathematics and a decentralized network to control the creation of more bitcoins and verify transactions. Bitcoin was designed to operate as ‘digital gold’ — it resembles a commodity but can be used as a currency. Bitcoin can be traded for fiat currency, like dollars or pounds, creating opportunities to profit from trading price fluctuations.
Technology in Africa is making huge advances.The first taste of these new possibilities came when mobile phones swarmed across the continent a decade ago. Within just a few short years hundreds of millions of people were able to phone and text for the first time, bypassing monopolistic state-owned phone companies that kept customers waiting for landlines indefinitely. And leapfrogging over old technologies and business models with mobile phones quickly made other sorts of leaps possible. Thanks to M-Pesa, a service that lets people send money through their phones, everyone with a phone suddenly also had, in effect, a bank account…
“Blockchain“ has made huge splashes in the tech community.
It’s the technology that underpins digital currencies and ensures that all transactions are properly conducted and recorded. But what is stored on the blockchain need not be just a monetary unit — it can be put to all manner of other interesting uses.
But, there is one underlying question most have.
What are the blockchain applications of the future?
As it turns out, more applications besides the currency can be developed to harness the technology. The following are five of the blockchain ideas that are in work in progress stage.
Bitcoin and Block Chain Technology for Beginners
What if there is a technological advancement so powerful that it transforms the very basic pillars of our society?
A technology which fundamentally influences the way that our economy, governance systems and businesses function, and change our conceptual understanding of trade, ownership and trust?
This technology already exists, and it’s called Crypto currency.
Blockchain + Cryptocurrency enthusiast.