Since its launch, Bitcoin has established itself as one of the most reliable and successful cryptocurrencies in the world. The price of Bitcoin is on the rise weekly and more people are gaining interest in the cryptocurrency. This increasing popularity and interest have made more people question the usefulness of Bitcoin. Some of its usefulness includes:
It is Fast
Prior to this time, the transfer of money from one account to another is slower and more expensive. International transfers also take time before they are completed. Bitcoin, unlike the traditional banking system, is faster. Bitcoin processes transactions in less than no time. This is one of the useful features of Bitcoin.
It is Less Expensive
Although credit card transfers are quite fast, the added transaction fees make them one of the worst ways to transfer money. Unlike traditional systems, Bitcoin charges less for transfers and most times they are free.
It is Private
Most times we want to...
Anonymity was what originally made Bitcoin famous as a digital currency. Born out of the 2008 financial crisis, the idea of a currency which couldn’t be tracked (or outright confiscated) by banks and governments caught on fast.
Sadly, the true anonymity benefits of Bitcoin have since been undermined significantly. The good news, however, is that anonymous forms of cryptocurrency now exist, which are far superior to Bitcoin in terms of speed, affordability, and price stability.
Monero - The Cryptocurrency Designed for Anonymity
The top spot for the most anonymous cryptocurrency in 2018, belongs indisputably to Monero.
Using what in cryptocurrency development circles are known as ‘cryptographic ring signatures,’ Monero adds complete stealth and 'unlinkability' to XMR transactions. This means that even if authorities are aware of a Monero wallet address, no one can independently verify a wallet balance, nor see whom funds are sent and received between.
Dash Coin - The ...
The increasing popularity of Bitcoin has made more people interested in investing in the cryptocurrency. This has made more people ask how Bitcoin can be bought. This article will list and explain the various steps to take to ensure the successful purchase of Bitcoin.
Choose a Good Wallet
First of all, this is the first thing every potential Bitcoin buyer must do. Selecting a good wallet is important, because if your wallet is not secure, you could end up losing all your funds. When choosing a wallet, you have to look for a wallet that is secure and reliable. Some of the recommended wallets to choose from includes:
The Coinbase wallet: this wallet is one of the most popular Bitcoin wallets in the world. This wallet is recommended because it comes with an easy to use interface. Also, it secures your coin.
Another recommended wallet is Exodus. This wallet is secure, easy to use and also supports multiple cryptocurrencies. It comes with the Shapeshift technology that allows you...