If you’ve found yourself completely at sea amid all these new terms being bandied about all over the news, you’re not alone—Bitcoin arrived in the mainstream suddenly and to many, without warning. So what’s the deal? Just what exactly is it, how does it work, and is it a fad or is it really going to revolutionize everything?
If you want to avoid any surprises, here are some charts it's worth getting familiar with.
Once upon a time in 17th century Japanese town of Osaka, there lived a man named Munehisa Homma. He was a rice merchant and had a reasonably sound rice trading business. Rice, in 17th century Japan was the lifeblood of the economy and held the significance of hard currency.
Having problems with the Coinbase app? Here’s a quick guide to give you a better understanding of how to buy and sell cryptocurrency and send and receive funds.
When signing up, Coinbase always asks for your ID and this can be a picture of your passport, driver's license, or other widely recognized photo ID. However, it can take a couple of attempts for your ID to be verified so don't think it's unusual when Coinbase keeps rejecting it. Once you have passed the security section, made an account and logged in, this screen will be displayed:
For the blue-collar worker, the driving force behind change was factory automation using programmable machine tools. For the office worker, it's office automation using computer technology: enterprise-resource-planning systems, groupware, intranets, extranets, expert systems, the Web, and e-commerce.
For the pioneers in cryptocurrency, the driving force behind change is the blockchain. This disruptive technology is the keystone of the credibility that Bitcoin and other digital currencies are enjoying.
Litecoin (LTC) is currently the fifth largest cryptocurrency in the world, and steadily growing. First introduced in 2011, Litecoin gained popularity quickly in the cryptocurrency community. Like all cryptocurrencies, Litecoin is not issued by any government or centralized authority. Litecoin is in fixed supply, so there are only ever 84 million Litecoins in circulation at any given time.