This week’s readers’ poll focuses on what attracts you – the reader – to a blockchain casino or...Read More
Tag: blockchain gambling
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WHAT IS BITCOIN?
Bitcoin (₿) is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Read more here.
IS IT LEGAL?
Because of bitcoin's decentralized nature and its trading on online exchanges located in many countries, regulation of bitcoin has been difficult. The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. Regulations and bans that apply to bitcoin probably extend to similar cryptocurrency systems. Read more here.
IS IT SAFE?
Bitcoin uses the digital signature concept along with Elliptic Curve Digital Signature Algorithm based on blockchain technology which is used to verify the transactions using digital signatures. Each investor or trader in the Bitcoin network has one or more search addresses with a respective pair of a public and private key based on their wallets. No transaction is ever deleted and will ever be deleted. Some things you need to know.
HOW DO I GET IT?
Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes. Further reading.