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Tag: Cryptocurrency

What is bitcoin mining?

What is bitcoin mining?

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What is bitcoin mining? The Bitcoin protocol stipulates that 21 million Bitcoin will exist at some point. What Bitcoin miners do is bring them out into the light, a few at a time. Bitcoin mining is performed by high powered computers that solve complex mathematical computations, these computations are impossible to solve by hand. When computers solve these computations, they add transactions to the blockchain and as a reward, they get a new Bitcoin. How does it work? What these…

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8 ways on how to make money with Bitcoin in Nigeria

8 ways on how to make money with Bitcoin in Nigeria

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How to make money with Bitcoin in Nigeria Bitcoin is a decentralized cryptocurrency that was created by Satoshi nakamoto in 2008. It was the first cryptocurrency that was created (or at least, the first we knew about). The value of Bitcoin has significantly risen over the years, although very volatile (since it’s value goes up and down), lots of people have been able to profit/earn from bitcoin, early adopters of this cryptocurrency have made the most profit. As at 2019,…

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What is an ICO?

What is an ICO?

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What is an ICO? ICO stands for initial coin offering, An ICO is a way of raising funds for new cryptocurrencies. It means that someone(or people) offer investors some units of a new cryptocurrencies or crypto token in exchange for other cryptocurrencies like Bitcoin(BTC), ethereum(ETH), litecoin(LTC). Why should I be interested in an ICO? Many ICO’s have been very profitable for investors, with an ICO, you get a token, these tokens do not give you any sort of ownership of…

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Ethereum
What is ethereum?

What is ethereum?

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What is ethereum (ETH) (Beginner’s guide) Ethereum(ETH) like bitcoin runs on blockchain technology, but ethereum and bitcoin are very different. To really understand ethereum, you must understand how the internet works. These days our personal data, passwords & financial information are stored on cloud servers owned by big companies like google, facebook, we trust them to keep our data safe (or we have to trust them), but a hacker or government can gain access to those information, meaning they can…

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bitcoin
What is bitcoin(BTC) (Beginner’s guide)

What is bitcoin(BTC) (Beginner’s guide)

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What is bitcoin(BTC) (Beginner’s guide) In order for you to truly understand what bitcoin(BTC) is, am going to break it down as much as possible. Think of bitcoin as money except that 1.  Unlike money, bitcoin is not printed. 2.  Unlike money, bitcoin is not controlled by organisations(banks). 3.  Bitcoin is limited, this means that a time will come when bitcoin will reach its maximum amount ( 21 million). Who created bitcoin? Bitcoin was created by a software developer Satoshi…

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