One of the nuances of using bitcoin is that the user is responsible for the safety of their own money, as there is no central bank or authority to bail you out in the case you send coins to the wrong address. That’s why it is so important to choose the right software to handle your cryptocurrency […]
Bitcoin analysis is an attractive prospect to explore further over the coming years, as it will help provide valuable insights as to how people are using the digital currency. Some people will hold Bitcoin as a long-term investment whereas others use it as a regular currency to pay for goods and services. Riders is a […]
Friends, followers, fellow Internet denizens: twenty-six years ago, Timothy May predicted that cryptologic methods would fundamentally alter the nature of corporations and of government interference in economic transactions. Six years… The post The State of the Bitcoin Network appeared first on CoinChomp.
Short Answer: A Bitcoin address is a unique number that “holds” bitcoin currency. You use the address to receive and send bitcoins. Medium Sized Answer: A Bitcoin address is the public key half of the public-private key pair that enables the validation of ownership of that address. WHOAH there, what in tarnation does that mean?? […]
There is a new wallet that has surfaced recently that allows users to send Bitcoin and many other digital currencies by using a web address. This new service, bitcoinwallet.com, gives users the ability to personalize their payment address in a manner similar to a Tumblr or hosted web address. The Bitcoin Wallet platform makes sending […]
Here’s a chart you may or may not find of interest (but we did, hence the post). A distribution of bitcoins by address, as compiled by BitcoinRichList.com. According to a chart, about 95.46 percent of in-use addresses hold 0.001 BTC or less (as of block 280,000). That means that if any of your bitcoin addresses […]