While many of the reports of stolen bitcoins are true, it is important to remember that this is not a fault of the Bitcoin code itself, but a fault in the way the bitc…
Read moreBitpay’s API uses JavaScript Object Notation language (JSON) for communication with its API. Because of this, Javascript is probably the most important language for an…
Read moreWhile there are inevitably small efficiencies to gain in code, the reality is that verifying and storing transactions is fairly resource intensive, and Bitcoin-QT veri…
Read moreGenerally speaking, yes. But there are a few places around the world where Bitcoin use is limited or illegal. Most notably, Russia is currently pushing a bill to make …
Read moreBitcoin certainly could replace silver and gold for some purposes. Silver is used as a store of value and hedge against inflation around the world, just as gold is. T…
Read moreFirst, let’s talk about how Bitcoin addresses work. Picture Bitcoin addresses as a series of safe deposit boxes at a bank. Whoever has the key to the box can open it …
Read moreTo put it simply, the block chain is the permanent record of all transactions made on the Bitcoin network. The block chain is made up of blocks of Bitcoin transactions…
Read moreBitcoin difficulty changes every 2016 blocks. It adjusts difficulty so that the previous 2016 blocks, if they had been mined at this difficulty, would have taken exac…
Read moreNo, it cannot! That’s part of the beauty of Bitcoin – it works on a consensus basis. Many thousands of computers around the world running the same software with t…
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